Japan’s crypto compliance track has one fewer independent player again—Pafin has timed this round of consolidation just right.

According to Nikkei News, Pafin, the operator of Japan's crypto asset management service Cryptact, has acquired crypto tax service provider Gtax, and the two parties plan to complete brand integration by October this year. In recent years, the Japanese government has gradually incorporated crypto assets into the traditional financial product regulatory framework through legislative amendments (such as revisions to the Financial Instruments and Exchange Act), which has driven the continuous improvement of compliance standards and thresholds for crypto compliance services.