Japan's Financial Services Agency (FSA) and the Ministry of Finance have announced a revised notice, adding five new jurisdictions to which the Travel Rule applies when transferring crypto assets and electronic payment methods requiring notification of sender and receiver information: Anguilla, Oman, Cuba, Dominica, and Botswana. This expands the total number of applicable jurisdictions to 63, and the revision will take effect on August 3. China, Vietnam, and Russia are not yet included because they have not established rules equivalent to Japan's notification obligations; however, Japanese exchanges and others must still collect and retain relevant information for wallet transactions in non-applicable jurisdictions. (CoinPost)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • 2
  • Share
Comment
Add a comment
Add a comment
BridgeHopBella
· 1h ago
Even Botswana is in, the African compliance process is faster than expected.
View OriginalReply0
WalletHealthInspector
· 3h ago
Transactions from countries not on the list are actually more troublesome, requiring additional archiving of transaction records—users don’t notice, but the backend workload doubles.
View OriginalReply0
TwoFactorZen
· 11h ago
Cuba is actually on the list, a bit surprising.
View OriginalReply0
HeavyStakingOnASnowyNight
· 11h ago
Anguilla and Oman, these small islands and African countries, are all included. This list from Japan is quite interesting.
View OriginalReply0
ForkMoment
· 11h ago
August 3rd takes effect, leaving little time for the industry to prepare.
View OriginalReply0
BlueMultisig
· 11h ago
China, Vietnam, and Russia are excluded, exchanges are troubled, and non-applicable jurisdictions still have to store data themselves.
View OriginalReply0
GlassDomeBaskingInMoonlight
· 11h ago
The Travel Rule's coverage has expanded again, covering 63 jurisdictions, and compliance costs are soaring.
View OriginalReply0
  • Pinned