
MARKET ENTRY / JAPAN DESK
Japan entry is a registration and partner-route decision.
Panasia frames the registered-provider route, the asset and disclosure review, the travel-rule dependencies, and the Japanese operating discipline a launch has to hold.
Part of Market Entry.
- FSA-registered exchange service providers
- Crypto-asset service intermediaries
- Custody & transfer controls
- Japanese-language disclosure
- Travel-rule counterparties
Registered first.
Tokyo rewards a precise operating case. Teams need to know whether they require a registered route or an intermediary partner, how the asset will be reviewed, and which custody, transfer, disclosure, and communication obligations must be designed into the plan rather than discovered in it.
ROUTE, REVIEW, DISCIPLINE
04 / 09Discipline is what keeps a partner.
Either the service is delivered through a registered route, or it is delivered through a partner who has one. Both answers have consequences that belong in the plan on day one.


Registered route
Determine whether the service needs a licensed provider, the intermediary regime, or a local regulated counterparty — the FSA publishes both the registered providers and the intermediary framework.

Asset and disclosure review
Organise token, custody, transfer, risk, and Japanese-language disclosure questions before distribution, not after a partner asks.

Operating discipline
Set the local owner, the partner responsibilities, the review cadence, and the long-term support model Japanese counterparties expect to see.
Controls before launch.
The expanded travel-rule scope took effect this month, so any transfer route designed before August needs re-testing.

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01
Scope the service
Classify the activity, customer, asset, and transaction flow.
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02
Qualify counterparties
Map registered providers and intermediaries and the evidence each expects.
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03
Resolve controls
Address asset review, custody, travel-rule, disclosure, and support requirements.
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04
Enter deliberately
Launch only the approved route, with Japanese-language communications and measurable ownership.
The most recent change, and its date.
06 / 09date the FSA's expanded travel-rule jurisdiction scope took effect
2026-08-03
FSA Japan — finalized amendment to the travel-rule jurisdiction designation
publication date of the finalized amendment
2026-07-07
FSA Japan — finalized amendment to the travel-rule jurisdiction designation
confidence lane recorded for the Japan signal in the August monitor
High
FSA Japan — finalized amendment to the travel-rule jurisdiction designation
The FSA's finalized amendment expanded the travel-rule jurisdiction scope with effect from 3 August 2026, which changes transfer-route feasibility and the information readiness required before cross-border operations begin.
Evidence as of

RESOURCES
08 / 09Continue into the counterparty and the language requirement.
OPEN THE JAPAN DESK
09 / 09