To work with cryptocurrencies, you need to get a license. It is issued to companies registered in the form of Kabushiki Kaisha, which corresponds to ordinary joint-stock companies. To obtain the license for cryptocurrency exchange in Japan, the applicant shall:
A company applying for the license shall develop and take a set of measures aimed at preventing data leakage. To this end, a functional IT system shall be created. Customers of the company will know that the status of cryptocurrency is legally undefined.
In Japan, fiat currencies and deposit/trust funds shall be stored separately on a mandatory basis. Cryptocurrencies that are at the disposal of the company and its customers shall be clearly separated and shall be identifiable. The respect for this obligation is to be verified in the course of an independent annual audit.
We provide comprehensive support throughout the process, from preparation to obtaining permits to work with cryptocurrencies in Japan. A range of services includes the following:
The cost of company registration in accordance with the Japanese legislation depends on a number of factors. First of all, this relates to the specifics of interaction with representatives of financial institutions and the deadlines for the preparation of documents. The average cost ranges from 9 to 12 mln yens.
The office rental costs and costs related to the fulfillment of labor obligations shall be paid as an additional service.