Japan's FSA asks cryptocurrency industry group to introduce FATF travel rule

Japan's FSA asks cryptocurrency industry group to introduce FATF travel rule

Japan has been a member of the FATF since 1990. Japan has made another step toward adopting cryptocurrency Anti-Money Laundering regulations developed by the Financial Action Task Force, Cointelegraph Japan reports.The Japanese Financial Services Agency announced Wednesday that it will adopt the FATF’s travel rule — a set of regulations requiring virtual asset service providers to share transaction data for senders and recipients — by April 2022. “It is required to introduce and implement the travel rule regulations in each country,” the FSA noted.The FSA requested the Japanese Virtual....


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