JPYC itself will remain legal and continue to exist, but businesses that facilitate "fund transfers abroad" using JPYC will no longer be able to operate without registration.


It can be used for domestic convenience store payments and merchant settlements. But as a means of depositing into overseas forex accounts, it will become practically difficult to use due to the regulation of payment processing companies.
If the Bank of Japan intervenes with regulations, the first target will be the tightening of requirements for these "processing companies," that's the story.
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