Notification for Reports on virtual currency based on Foreign Exchange and Foreign Trade Law
Under the Foreign Exchange and Foreign Trade Act (Act No. 228 of 1949, hereinafter referred to as “Foreign Exchange and Foreign Law”), payment exceeding 30 million yen or more between Japan and a foreign country or between a resident and a nonresident in case of receiving payment, will be necessary to report to the Minister of Finance.
The receipt of such payment or payment includes not only those using legal tender currencies such as Japanese yen and US dollar but also the case of using virtual currency, so we notified about reports based on the Foreign Exchange and Foreign Law concerning virtual currency.
Please see Appendix 1 and Attachment 2 for more details.