Japan Cryptocurrency License

Japan offers one of the world’s largest economies and stable democracies. Despite offering tax rates and structures similar to the United States, Japan’s business climate is widely viewed as being favorable and relatively easy to negotiate. As an industrial leader, Japan is a party to over 100 tax treaties, including a tax credit treaty with the United States.

Despite the size of its economy, Japan’s government has largely been receptive to cryptocurrency, while countries such as the United States continue to sit on the sidelines. Japan’s commitment to becoming a forerunner in the distributed ledger technology space is exemplified by the high rate of cryptocurrency adoption by the nation as a whole. Japan has amassed the second largest base of cryptocurrency wealth, second only to the United States.

Japan is an ideal jurisdiction for obtaining a cryptocurrency license. Japan’s Payment Services Act offers a Virtual Currency Exchange license that is enforced by the Japanese Financial Services Agency. The robust license covers various cryptocurrency-related activities, including the operation of cryptocurrency exchange and initial coin offerings.

Advantages of a Japannese Digital Asset Business License

Average daily trading in Bitcoin alone exceeds $20 billion. The streamlined and cost-effective process in obtaining a Japanese cryptocurrency license can place you in this lucrative market in as little as three months. As worldwide adoption of cryptocurrency increases, cryptocurrency exchanges are estimated to have taken in over $1 billion in profits last year alone. With increasingly complex cryptocurrency regulation in leading economic nations such as the United States and European Union, Japan offers a cost-effective, risk free alternative for starting a licensed cryptocurrency exchange or broker-dealer.

Japan Cryptocurrency License at a Glance

License Virtual Currency Exchange Provider
Time to License 5 to 6 Months
Capital Requirement Varies
Tax Structure Zero (0%) Percent Tax on Offshore Profits
Economic Substance Yes
Local Director No
AML/KYC Yes
Audit Yes

Resources

Description QR code Download
Japan Digital Asset License – Information Sheet and Fee Schedule. 
Japan Digital Asset License – Application.
Japan Digital Asset Licensees.

Japan Cryptocurrency License Package

Contact the Japan Cryptocurrency License Experts

Trust our over fifty year’s combined experience in creating innovative solutions for our clients. Contact the cryptocurrency licensing experts at FinLaw to begin the process of obtaining your Japan Cryptocurrency License today. Our knowledgeable and skilled professionals are pleased to answer any of your questions.

Japan Cryptocurrency License

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