Japan Crypto License

Crypto Licensing Services in Japan

Empower Your Crypto Business in Japan

Japan is a global leader in cryptocurrency adoption and regulation, being one of the first countries to implement a comprehensive legal framework for cryptocurrencies. By obtaining a crypto license regulated by the Financial Services Agency (FSA), your business can operate legally and confidently in a market that values innovation, consumer protection, and regulatory transparency.

Why Choose Japan for Your Crypto Business?

• Regulatory Certainty: Japan provides a clear and comprehensive regulatory framework for crypto businesses, offering legal certainty and fostering trust.
• Market Maturity: With a tech-savvy population and high cryptocurrency adoption rates, Japan presents significant opportunities for crypto businesses.
• Consumer Trust: Operating under stringent regulations enhances your credibility and ensures high levels of consumer protection.
• Innovation Hub: Japan is home to a vibrant fintech ecosystem, supporting innovation and growth in the cryptocurrency sector.

Our Crypto Licensing Services

We specialize in guiding businesses through the complexities of obtaining a crypto license in Japan. Our expert team provides end-to-end support, ensuring a seamless and efficient licensing process tailored to your specific needs.

Key Features of Japan’s Crypto Licensing Regime

License Type

• Virtual Currency Exchange Service Provider License: Required for businesses engaging in the sale, purchase, or exchange of virtual currencies, as well as the management of customers’ virtual currency assets.

Regulatory Requirements

• Incorporation:
  • Establish a Japanese company (Kabushiki Kaisha (KK) or Godo Kaisha (GK)).
• Capital Requirements:
  • Minimum paid-up capital of JPY 10 million (~USD 90,000).
• Physical Presence:
  • Maintain a physical office in Japan.
  • Employ local staff, including compliance officers and IT personnel.
• Management and Directors:
  • At least one representative director who is a resident of Japan.
  • Directors must have relevant experience and meet the FSA’s fit and proper criteria.
• Compliance and Risk Management:
  • Implementation of robust AML/CFT policies in line with Japanese regulations.
  • Establishment of effective risk management and internal control systems.
  • Development of cybersecurity measures to protect customer assets and data.
• Customer Protection:
  • Segregation of customer assets from company assets.
  • Implementation of procedures for managing customer complaints and inquiries.
• Audit Requirements:
  • Annual audits by a certified public accountant or audit firm.
  • Regular submission of business reports, financial statements, and compliance documents to the FSA.

Our Process

1. Initial Consultation

   • Assess your business model and confirm eligibility for licensing.
   • Provide detailed guidance on regulatory obligations and timelines.

2. Preparation of Application

   • Assist in preparing all necessary documents, including:
     • Business Plans
     • Compliance Manuals
     • Risk Management Policies
     • Financial Projections
     • Corporate Governance Structures
   • Ensure directors and key personnel meet the FSA’s fit and proper criteria.

3. Incorporation and Local Setup

   • Facilitate the incorporation of your Japanese company.
   • Assist with establishing a physical office and hiring local staff.

4. Submission to the FSA

   • Compile and submit the complete application package to the FSA.
   • Handle all communications and queries from the regulator on your behalf.

5. Regulatory Liaison

   • Facilitate any additional information requests or meetings required by the FSA.
   • Provide ongoing support throughout the review process.

6. Post-Licensing Support

   • Assist with meeting ongoing compliance obligations, including reporting and audit requirements.
   • Offer advisory services for regulatory updates and best practices.

Estimated Timeframe and Costs

• Timeframe:

  • The licensing process typically takes 6 to 12 months, depending on the complexity of your application and the FSA’s review process.

• Fees:

  • Application Fee: Approximately JPY 2.1 million (~USD 19,000).
  • Annual Fees: Supervision fees charged by the FSA, varying based on the size and risk profile of the institution.

• Additional Costs:

  • Professional Services: Fees for legal, compliance, and consultancy services.
  • Operational Expenses: Costs for setting up a local office, hiring staff, and implementing IT systems.
  • Compliance Implementation: Expenses related to developing and maintaining AML/CFT programs and cybersecurity measures.

Benefits of Partnering with Us

• Expert Guidance: Our team has extensive experience with Japan’s regulatory environment and the FSA’s licensing procedures.
• Customized Solutions: We offer tailored strategies to meet your specific business needs and objectives.
• Efficient Process: Our streamlined approach minimizes delays and enhances the likelihood of a successful application.
• Local Expertise: With knowledge of local business practices and requirements, we ensure a smooth setup in Japan.
• Ongoing Compliance Support: We provide post-licensing services to help you maintain compliance and adapt to regulatory changes.

Get Started Today

Embarking on the licensing journey in Japan can be complex, but with the right partner, it becomes a manageable and rewarding process. Let us help you unlock new opportunities and elevate your crypto business to the next level.

Contact Us for a Free Consultation

• Email: office@the-comply.com
• Phone: +1 213 510 0498

Disclaimer: The information provided is for general guidance and informational purposes only. Regulations may change, and we recommend consulting with our experts or legal professionals for personalized advice.

Optimize Your Crypto Business with Our Japan Licensing Services

Take advantage of Japan’s pro-innovation regulatory environment and position your crypto business for success in the global market. Our team is ready to assist you every step of the way.

Contact Us Today to Begin Your Licensing Journey!