Payment Services Act

trade name, other name or name, and address;

amount in the case of capitala corporation, the name or other name of its officers (including, in the case of a foreign corporation, persons treated in the same manner under laws and regulations of a foreign state and its representative person in Japan; the same applies hereinafter in this Chapter);

name and location of the business office or office pertaining to the cryptoasset exchange serviceelectronic payment instruments intermediary services;

name of company director and company auditor (company director in cases of a company with audit and supervisory committee, etc.; company director and executive officer in casesthe case of a company with nominating committee, etc.; and persons equivalent thereto pursuant to laws and regulations of a foreign state in casescorporation, amount of a foreign cryptoasset exchange service provider)capital or contribution;

in casesname of a company with accounting advisors, names the electronic payment instrument handled and the trade name or name and address of accounting advisorsthe person that issues that electronic payment instrument;

in casestrade name of a foreign cryptoasset exchangethe electronic payment instruments service provider, name of from which entrustment is to be received (hereinafter referred to as the representative person "principal electronic payment instruments service provider" in Japanthis Chapter and Article 88, item (i));

name details and means of the cryptoasset to be usedelectronic payment instruments intermediary services;

if part of the electronic payment instruments intermediary services is entrusted to a third party, the details of the business pertaining to the entrustment and means the name or trade name or other name and address of the cryptoasset exchange servicethird party to whom the electronic payment instruments intermediary services are entrusted;

if parttype of the cryptoasset exchange service is entrusted to a third party, the details of the business pertaining to the entrustment andbusinesses, if the name or trade name orservice provider conducts other namebusinesses; and address of the third party to whom the cryptoasset exchange services are entrusted;

type of businesses, if the service provider conducts other businesses; andother particulars specified by Cabinet Office Order.

other particulars specified by Cabinet Office Order.

A document in which the applicant pledges that the applicant does not to fall under any of the items of Article 63-5, paragraph (1), documents concerning finance, documents containing particulars concerning the establishment of a system for ensuring the provision of the cryptoasset exchange serviceelectronic payment instruments intermediary services in a proper and steady manner, and other documents specified by Cabinet Office Order must be attached to the application for registration referred to in the preceding paragraph.

(Register of Cryptoasset Electronic Payment Instruments Intermediary Service Providers)

The Prime Minister must, when an application for registration referred to in Article 63-2 is filed, register the following particulars in the register of cryptoasset exchangeelectronic payment instruments intermediary service providers, except when refusing the registration pursuant to the provisions of paragraph (1) of the following Article:

The Prime Minister must make the register of cryptoasset exchangeelectronic payment instruments intermediary service providers available for public inspection.

a person other than a stock company or a foreign cryptoasset exchange service provider (limited to a foreign company that has a business office in Japan);who falls under any of the following:

a person that has not established a system for the provision of the electronic payment instruments intermediary services in a proper and steady manner;

a person that has not established a system necessary for ensuring compliance with the provisions of this Chapter;

a person for whom the principal electronic payment instruments service provider of the applicant has not joined a certified association for payment service providers;

a person that intends to use a trade name or name that is identical to the one currently being used by an electronic payment instruments service provider or another electronic payment instruments intermediary service provider, or a trade name or name that may be misidentified as any of these persons;

a person whose registration under Article 62-3 has been revoked pursuant to the provisions of Article 62-22, paragraph (1) or (2), whose registration under Article 63-2 has been revoked pursuant to the provisions of Article 63-20, paragraph (1) or (2), whose registration under Article 29 of the Financial Instruments and Exchange Act (limited to a registration for which the particulars listed in Article 29-2, paragraph (1), item (v) of that Act include business pertaining to the act listed in Article 28, paragraph (5), item (i) of that Act or cryptoasset, etc. management business) has been revoked pursuant to the provisions of Article 52, paragraph (1) or (4) of that Act, or whose registration under Article 66 of that Act (limited to a registration for which the particulars listed in Article 66-2, paragraph (1), item (iv) of that Act include the cryptoasset purchase and sale intermediary business, etc. prescribed in that item) has been revoked pursuant to the provisions of Article 66-20, paragraph (1) or (3) of that Act, or who has had a registration, permission or license of the same type held in a foreign state (including other administrative dispositions similar to that registration, permission or license) revoked pursuant to the provisions of laws and regulations of that foreign state equivalent to this Act, the Financial Instruments and Exchange Act or the Banking Act, etc., and for whom five years have not elapsed from the date of the revocation;

a person that has received an order to discontinue electronic payment instruments services pursuant to the provisions of Article 62-22, paragraph (1) as applied pursuant to Article 62-8, paragraph (2) following the deemed replacement of terms, or has received an order to discontinue the same type of services as electronic payment instruments services pursuant to the provisions of laws and regulations of a foreign state that are equivalent to this Act or the Banking Act, etc., and for whom five years have not elapsed from the date of those orders;

a person who has been punished by a fine (including a punishment under laws and regulations of a foreign state equivalent to this) for violating the provisions of this Act, the Financial Instruments and Exchange Act, the Banking Act, etc., the Act on Engagement in Trust Business by Financial Institutions, the Act Regulating the Receipt of Contributions, the Receipt of Deposits, and Interest Rates or the Trust Business Act, or laws and regulations of a foreign state equivalent thereto, and for whom five years have not elapsed from the day on which the execution of the sentence ended or from the day on which the sentence ceased to be executed;

a person whose other business is found to be contrary to the public interest;

a foreign cryptoasset exchange service provider that isin the case of a corporation who does not have, a representative person in Japan (limited to a person who is domiciled in Japan);who falls under any of the following:

a person that is a foreign corporation and has not specified a representative person in Japan (limited to a person who is domiciled in Japan);

a person with an officer who falls under any of the following:

a person specified by Cabinet Office Order as being unable to properly perform their duties pertaining to the electronic payment instruments intermediary services due to a mental or physical disorder;

a person who has not had their rights restored after receiving an order to commence bankruptcy proceedings, or a person equivalent thereto under laws and regulations of a foreign state;

a person who has been sentenced to imprisonment or heavier punishment (including equivalent punishment pursuant to laws and regulations of a foreign state), and for whom five years have not elapsed from the day on which the execution of the sentence ended or from the day on which the sentence ceased to be executed;

a person who falls under item (i), (g);

if a corporation that is an electronic payment instruments intermediary service provider had its registration referred to in Article 63-2 revoked pursuant to the provisions of Article 63-20, paragraph (1) or (2), or a corporation had its registration of the same type in a foreign state (including other administrative dispositions similar to the registration) revoked pursuant to the provisions of laws and regulations of the foreign state equivalent to this Act, a person who was an officer of the corporation at any time during the thirty days prior to the revocation date and for whom five years have not passed from that date, or a person specified by Cabinet Order as a person similar thereto;

a corporation lacking a sufficient financial foundation that satisfiesin the requirements specified by Cabinet Office Order as those found to be necessary for the provisioncase of an individual, a person who falls under any of the cryptoasset exchange service in a proper and steady manner;following:

a corporation that has not established a system that is necessary for the provision of the cryptoasset exchange service in a proper and steady manner;

a corporation that has not established a system that is necessary for ensuring compliance with the provisions of this Chapter;

a corporation that has not joined a certified association for payment service providers whose members (meaning the members specified in Article 87, item (ii)) are the cryptoasset exchange service providers and has not prepared internal rules that have contents equivalent to the articles of incorporation or other rules (limited to those concerning the protection of users of cryptoasset exchange services or the provision of cryptoasset exchange services in a proper and steady manner) of the certified association for payment service providers or has not established a system for ensuring compliance with those internal rules;

a corporation that intends to use a trade name that is identical to the one currently being used by another cryptoasset exchange service provider or that may be misidentified as another cryptoasset exchange service provider;

a corporation which had its registration referred to in Article 62-3 revoked pursuant to the provisions of Article 62-22, paragraph (1) or (2), had its registration referred to in Article 63-2 revoked pursuant to the provisions of Article 63-17, paragraph (1) or (2), had its registration referred to in Article 63-22-2 revoked pursuant to the provisions of Article 63-22-20, paragraph (1) or (2), or had the registration of the same type in a foreign state (including other administrative dispositions similar to the registration) revoked pursuant to the provisions of laws and regulations of the foreign state equivalent to this Act, and for which five years have not passed from the date of the revocation;

a corporation which received an order to discontinue electronic payment instruments services pursuant to the provisions of Article 62-22, paragraph (1) as applied pursuant to Article 62-8, paragraph (2) following the deemed replacement of terms, or received an order to discontinue the same type of services as electronic payment instruments services pursuant to the provisions of laws and regulations of a foreign state that are equivalent to this Act or the Banking Act, etc., and for which five years have not elapsed from the date of the order;

a corporation that has been punished by a fine (including a punishment pursuant to laws and regulations of a foreign state equivalent to this) for violating the provisions of this Act, the Financial Instruments and Exchange Act, the Act Regulating the Receipt of Contributions, the Receipt of Deposits, and Interest Rates or laws and regulations of a foreign state equivalent thereto, and for which five years have not elapsed from the day on which the execution of the sentence ended or from the day on which the sentence ceased to be executed;

a corporation conducting other business, which is found to be against the public interest;

a corporation that employs a person who is a company director, company auditor, executive officer, or accounting advisor (meaning a person equivalent thereto under laws and regulations of a foreign state or representative person in Japan in cases of a foreign cryptoasset exchange service provider; hereinafter referred to as a "company director, etc." in this Chapter) falling under any of the following items:

a person specified by Cabinet Office Order as being unable to properly perform their duties pertaining to cryptoasset exchange services due to a mental or physical disorder;

a person who has not had their rights restored after receiving an order to commence bankruptcy proceedings, or a person equivalent thereto pursuant to laws and regulations of a foreign state;

a person who has been sentenced to imprisonment or heavier punishment (including equivalent punishment pursuant to laws and regulations of a foreign state), and for whom five years have not elapsed from the day on which the execution of the sentence ended or from the day on which the sentence ceased to be executed;

a person who has been punished by a fine (including a punishment under laws and regulations of a foreign state equivalent to this) for violating the provisions of this Act, the Financial Instruments and Exchange Act, the Act Regulating the Receipt of Contributions, the Receipt of Deposits, and Interest Rates, the Act on Prevention of Unjust Acts by Organized Crime Group Members or laws and regulations of a foreign state equivalent thereto, and for whom five years have not elapsed from the day on which the execution of the sentence ended or from the day on which the sentence ceased to be executed;

if a cryptoasset exchange service provider had its registration referred to in Article 63-2 revoked pursuant to the provisions of Article 63-17, paragraph (1) or (2), or a corporation had the registration of the same type in a foreign state (including other administrative dispositions similar to the registration) revoked pursuant to the provisions of laws and regulations of the foreign state equivalent to this Act, a person who was a company director, etc. of the corporation at any time during the thirty days prior to the date of the revocation and for whom five years have not elapsed from the relevant date or a person specified by Cabinet Order as similar thereto.

a person who is an individual domiciled in a foreign state and has not specified an agent in Japan;

a person who falls under item (ii), (b), any of (1) through (3) or (5);

a minor who does not have the same legal capacity as an adult with regard to the electronic payment instruments intermediary services, whose legal representative (including, if the legal representative is a corporation, its officers) falls under any of item (ii), (b), (1) through (5).

When a cryptoasset exchange an electronic payment instruments intermediary service provider intends to change any of the particulars set forth in Article 63-3, paragraph (1), item (vii) or (viiiitems (v) through (vii) (excluding cases specified by Cabinet Office Order as being less likely to weaken the protection of users of cryptoasset exchange electronic payment instruments intermediary services or hinder the provision of cryptoasset exchange electronic payment instruments intermediary services in a proper and steady manner), the cryptoasset exchangeelectronic payment instruments intermediary service provider must notify the Prime Minister to that effect in advance.

If any of the particulars set forth in the items of Article 63-3, paragraph (1) (excluding the case in which a notification has been filed under the provisions of the preceding paragraph) , the case in which a notification has been filed under the provisions of Article 63-22-2, paragraph (1), a case that falls under any of the items of paragraph (2) of that Article, and a case that falls under paragraph (3), item (ii) of that Article) are changed, the cryptoasset exchangeelectronic payment instruments intermediary service provider must notify the Prime Minister to that effect without delay.

If the Prime Minister accepts a notification under the provisions of the preceding two paragraphs, the Minister must register the particulars of the notification in the register of cryptoasset exchangeelectronic payment instruments intermediary service providers.

A cryptoasset exchange An electronic payment instruments intermediary service provider must not have another person provide the cryptoasset exchange service electronic payment instruments intermediary services in the name of the cryptoasset exchangeelectronic payment instruments intermediary service provider.

(Information Security Management)Clear Indication of Trade Name, etc.

A cryptoasset exchange service provider must, pursuant to the provisions of Cabinet Office Order, take necessary measures for preventing leakage, loss, or damage to information pertaining toWhen an electronic payment instruments intermediary service provider intends to perform electronic payment instruments intermediary acts, it must clarify the cryptoasset exchange services and other measures for the security management of relevant information.following particulars to users in advance:

trade name of the principal electronic payment instruments service provider;

the fact that it has no authority to represent the principal electronic payment instruments service provider;

the purport of the provisions of Article 63-13; and

other particulars specified by Cabinet Office Order.

(Guidance of Entrusted Parties)Restrictions on Electronic Payment Instruments Intermediary Service Providers

If a cryptoasset exchange An electronic payment instruments intermediary service provider entrusts (including cases under multi-tier entrustment arrangements) partmust not perform, with users of the cryptoasset exchange electronic payment instruments intermediary services to a third it provides as the other party, any of the cryptoasset exchange service provider must provide guidance to the third party to whom the relevant business has been acts set forth in the items of Article 2, paragraph (10) other than electronic payment instruments intermediary acts performed as entrusted and take other measures necessary for ensuring by the principal electronic payment instruments service provider (excluding the operation act set forth in item (iv) of the business in a proper and steady manner pursuant to the provisions of Cabinet Office Orderthat paragraph performed where that electronic payment instruments intermediary service provider is an electronic payment instruments service provider).

When a cryptoasset exchange service provider places an advertisement concerning the cryptoasset exchange service provided by it, the cryptoasset exchange service provider must indicate the following particulars, pursuant to the provisions of Cabinet Office Order:

the trade name of the cryptoasset exchange service provider;

the fact that it is a cryptoasset exchange service provider and its registration number;

the fact that cryptoassets are not the Japanese currency or a foreign currency; and

the characteristics of cryptoassets specified by Cabinet Office Order as material characteristics that will affect users' judgment.

A cryptoasset exchange service provider or its officer or employee must not engage in the following conduct:

when concluding a contract for engaging in any acts set forth in the items of Article 2, paragraph (15) with a user of cryptoasset exchange service that is a counterparty or soliciting the conclusion thereof (referred to as the "conclusion, etc. of a cryptoasset exchange contract" in item (iii)), make a false representation or other representation which may mislead the counterparty with regard to the characteristics of cryptoassets and other particulars specified by Cabinet Office Order (referred to as the "characteristics, etc. of cryptoassets" in the following item);

when placing an advertisement concerning the cryptoasset exchange service provided by it, give a false representation or other representation which may mislead people with regard to the characteristics, etc. of cryptoassets;

when concluding a cryptoasset exchange contract, etc. or lacing an advertisement concerning the cryptoasset exchange service provided by it, make a representation which may facilitate purchase and sale of a cryptoasset or exchange with another cryptoasset not for the purpose of using them as payment instruments but solely for making profits; and

beyond what is set forth in the preceding three items, any conduct specified by Cabinet Office Order as being likely to weaken the protection of users of cryptoasset exchange services or hinder the provision of cryptoasset exchange services in a proper and steady manner.

(Measures for Customer Protection)Information Security Management

A cryptoasset exchange An electronic payment instruments intermediary service provider must, pursuant to the provisions of Cabinet Office Order, provide explanation concerning the characteristics of cryptoassets, and information about fees and other terms and conditions of contractstake necessary measures for preventing leakage, loss, or damage to information pertaining to the cryptoasset exchange service, and take electronic payment instruments intermediary services and other measures necessary for protecting the users of cryptoasset exchange services and ensuring the provisionsecurity management of the cryptoasset exchange services in a proper and steady mannerrelevant information.

When a cryptoasset exchange service provider exchanges cryptoassets, etc. by granting credit to the user of cryptoasset exchange service, the cryptoasset exchange service provider must provide information on the terms and conditions of contracts pertaining to exchange of cryptoassets, etc. and other measures necessary for protecting the users of business pertaining to exchange of cryptoassets, etc. and ensuring the operation of the business in a proper and steady manner, in addition to the measures prescribed in the preceding paragraph, pursuant to the provisions of Cabinet Office Order.

(ManagementGuidance of Users' Property)Entrusted Parties

A cryptoasset exchange If an electronic payment instruments intermediary service provider must, in connection with its cryptoasset exchange entrusts (including the case under multi-tier entrustment arrangements) part of the electronic payment instruments intermediary services, manage to a third party, the money of electronic payment instruments intermediary service provider must provide guidance to the users of cryptoasset exchange services separately from its own moneythird party to whom the relevant business has been entrusted and entrust take other measures necessary for ensuring the users' money with a trust company, etc.,operation of the business in a proper and steady manner pursuant to the provisions of Cabinet Office Order.

A cryptoasset exchange service provider must, in connection with its cryptoasset exchange services, manage the cryptoassets of the users of the cryptoasset exchange services separately from its own cryptoassets, pursuant to the provisions of Cabinet Office Order. In this case, the cryptoasset exchange service provider must manage users' cryptoassets (excluding cryptoassets that satisfy the requirements specified by Cabinet Office Order as being necessary for ensuring the convenience of users and achieving smooth provision of cryptoasset exchange services) by the method specified by Cabinet Office Order as being less likely to weaken the protection of users.

A cryptoasset exchange service provider must, pursuant to the provisions of Cabinet Office Order, undergo a periodic audit by a certified public accountant or by an audit corporation, with regard to the state of management under the provisions of the preceding two paragraphs.

A cryptoasset exchange service provider must hold cryptoassets of the same type and same volume as the cryptoassets that satisfy the requirements specified by Cabinet Office Order prescribed in paragraph (2) of the preceding Article (hereinafter referred to as the "performance-guarantee cryptoassets" in this paragraph and Article 63-19-2, paragraph (1)) as its own cryptoassets and manage them separately from its own cryptoassets other than the performance-guarantee cryptoassets, pursuant to the provisions of Cabinet Office Order. In this case, the cryptoasset exchange service provider must manage the performance-guarantee cryptoassets by the method specified by Cabinet Office Order as being less likely to weaken the protection of users.

The provisions of paragraph (3) of the preceding Article apply mutatis mutandis to the status of the management under the provisions of the preceding paragraph.

(Obligation to Conclude Contract with Designated Dispute Resolution OrganizationsMeasures for Cryptoasset Exchange Business)Protecting Users

A cryptoasset exchange An electronic payment instruments intermediary service provider must take , pursuant to the measures provisions of Cabinet Office Order, provide explanation to prevent users from mistaking the business pertaining to electronic payment instruments intermediary acts for business carried out by a deposit-taking institution, a funds transfer service provider or a specified in trust company, provide information about details of electronic payment instruments, fees and other terms and conditions of contracts related to the following items according business pertaining to electronic payment instruments intermediary acts, and take other measures necessary for protecting the users of the business pertaining to electronic payment instruments intermediary acts and ensuring the categoriesoperation of cases prescribed therein:the business pertaining to electronic payment instruments intermediary acts in a proper and steady manner.

if one or more designated dispute resolution organizations for cryptoasset exchange business (meaning designated dispute resolution organizations of which type of dispute resolution services is cryptoasset exchange business; hereinafter the same applies in this Article) exist:measures to conclude a basic contract for execution of procedures with a designated dispute resolution organization for cryptoasset exchange business (meaning a basic contract for execution of procedures prescribed in Article 99, paragraph (1), item (viii); the same applies in the following paragraph) pertaining to the cryptoasset exchange service; or

if no designated dispute resolution organization for cryptoasset exchange business exists:complaint processing measures and dispute resolution measures pertaining to the cryptoasset exchange service.

If a cryptoasset exchange service provider implements measures to conclude a basic contract for execution of procedures pursuant to the provisions of the preceding paragraph, the cryptoasset exchange service provider must announce the trade name or other name of the designated dispute resolution organization for cryptoasset exchange business that is the counterparty to the basic contract for execution of procedures.

The provisions of paragraph (1) do not apply during the period specified in the following items for the respective categories of cases prescribed therein:

if a cryptoasset exchange service provider who fell under the case set forth in paragraph (1), item (i) when the cryptoasset exchange service provider falls under the case set forth in paragraph (1), item (ii):a period specified by the Prime Minister as the period necessary for taking measures specified in paragraph (1), item (ii) when authorization is granted for the discontinuation of the dispute resolution services referred to in Article 52-83, paragraph (1) of the Banking Act as applied mutatis mutandis pursuant to Article 101, paragraph (1) following the deemed replacement of terms or when the designation is revoked pursuant to the provisions of Article 100, paragraph (1);

if a cryptoasset exchange service provider who falls under the case set forth in paragraph (1), item (i), when authorization is granted for the discontinuation of the dispute resolution services provided by the designated dispute resolution organization for cryptoasset exchange business referred to in that item pursuant to the provision of Article 52-83, paragraph (1) of the Banking Act as applied mutatis mutandis pursuant to Article 101, paragraph (1) following the deemed replacement of terms or when the designation under the provisions of Article 99, paragraph (1) of the designated dispute resolution organization for cryptoasset exchange business referred to in that item is revoked pursuant to the provisions of Article 100, paragraph (1) (excluding the case specified in the preceding item):a period specified by the Prime Minister as the period necessary for taking measures specified in paragraph (1), item (i) when the authorization is granted or the designation is revoked; or

if a cryptoasset exchange service provider falls under the case set forth in paragraph (1), item (ii), when the cryptoasset exchange service provider falls under the case set forth in paragraph (1), item (i):a period specified by the Prime Minister as the period necessary for taking measures specified in paragraph (1), item (i) when designated pursuant to the provisions of Article 99, paragraph (1).

The term "complaint processing measures" as used in paragraph (1), item (ii) means to have a person specified by Cabinet Office Order as one who has expert knowledge and experience with regard to consultation regarding complaints on consumer affairs that the consumer made against the service provider or in other areas of consumer affairs to engage in the provision of advice or guidance to employees or other workers who engage in the business of processing complaints from the users or any other measures specified by Cabinet Office Order as similar thereto.

The term "dispute resolution measures" as used in paragraph (1), item (ii) means to seek resolution of a dispute with the user through the authorized dispute resolution procedures or any other measures specified by Cabinet Office Order as similar thereto.

(Books of Accounts and Documents)Prohibition on Depositing Money

A cryptoasset exchange An electronic payment instruments intermediary service provider must, pursuant to not, regardless of the provisions of Cabinet Office Order, prepare and maintainname under which it is done, in connection with the books electronic payment instruments intermediary services it provides, receive a deposit of accounts and documents on its cryptoasset exchange businessmoney or other property from users, or have users' money or other property deposited with a person specified by Cabinet Order as a person having a close relationship with the electronic payment instruments intermediary service provider.

(Written Reports)Liability of Principal Electronic Payment Instruments Service Provider to Compensate

A cryptoasset exchange principal electronic payment instruments service provider must, pursuant that has entrusted electronic payment instruments intermediary acts is liable to compensate for any loss or damage inflicted on users by the provisions of Cabinet Office Order, prepare a written report on its cryptoasset exchange business for each business year electronic payment instruments intermediary service provider to which it has entrusted them in connection with those electronic payment instruments intermediary acts; provided, however, that this does not apply if the principal electronic payment instruments service provider has exercised reasonable care in entrusting the electronic payment instruments intermediary service provider and submit ithas endeavored to prevent the Prime Ministeroccurrence of loss or damage inflicted on users in connection with the electronic payment instruments intermediary acts carried out by that person.

In addition to the written reports specified in the preceding paragraph, a cryptoasset exchange service provider (limited to one who engages in the act set forth in Article 2, paragraph (15), item (iii) or (iv)) must, pursuant to the provisions of Cabinet Office Order, prepare a written report on the amount of users' money and the volumes of users' cryptoassets under the management in connection with the cryptoasset exchange services and other particulars concerning the management of these amounts for each period specified by Cabinet Office Order, and submit it to the Prime Minister.

Documents concerning finance, an audit report prepared by a certified public accountant or audit corporation regarding these documents, and other documents specified by Cabinet Office Order must be attached to the written report referred to in paragraph (1).

Documents proving the amount of users' money and the volumes of users' cryptoassets under the management in connection with the cryptoasset exchange services and other documents specified by Cabinet Office Order must be attached to the written report referred to in paragraph (2).

(On-Site Inspections)Application Mutatis Mutandis of the Financial Instruments and Exchange Act

When the Prime Minister finds it necessary for The provisions of Article 37, Article 37-3, paragraphs (1) and (2), Article 37-4, Article 37-6, paragraph (3) and the proper main clause of paragraph (4), Article 38 (excluding items (vii) and secure conduct (viii)) and Article 40 of the cryptoasset exchange service, the Minister may order a cryptoasset exchange Financial Instruments and Exchange Act apply mutatis mutandis to an electronic payment instruments intermediary service provider that engages in the business pertaining to submit reports or materials that will be helpful electronic payment instruments intermediary acts relating to the specified contract for understanding its business or property, electronic payment instruments transaction prescribed in Article 62-17, paragraph (1). In this case, the terms or have officials enterphrases listed in the business office middle column of the following table in the provisions of that Act listed in the left-hand column of the table are deemed to be replaced with the respective terms or phrases listed in the right-hand column of the table, and any other facility necessary technical replacement of terms is specified by Cabinet Order. Article 37, paragraph (1), item (iii) customer user Article 37, paragraph (2) an act that cryptoasset exchange constitutes a financial instruments transaction the conclusion of a specified contract for electronic payment instruments transaction (meaning the specified contract for electronic payment instruments transaction prescribed in Article 62-17, paragraph (1) of the Payment Services Act; the same applies hereinafter) Article 37-3, paragraph (1) intends to conclude intermediates the conclusion of to the customer to the user Article 37-3, paragraph (1), item (i) the trade name the trade name of the provider and of its principal electronic payment instruments service provider, ask questions about (meaning the principal electronic payment instruments service provider prescribed in Article 63-3, paragraph (1), item (vi) of the status Payment Services Act; the same applies in Article 37-6, paragraph (3)) Article 37-3, paragraph (1), item (iv) customer user Article 37-3, paragraph (1), item (v) customer user an act that constitutes a financial instruments transaction carried out a specified contract for electronic payment instruments transaction concluded money rate, the value of its business or property currencies, quotations on the financial instruments market value of currencies Article 37-3, paragraph (1), items (vi) and (vii) customer user Article 37-3, paragraph (2) to the customer to the user of the customer of the user customer attributes" user attributes" Article 37-3, paragraph (2), proviso customer attributes user attributes the customer the user Article 37-4 customer user Article 37-6, paragraph (3) in the case where a financial instruments transaction contract is cancelled pursuant to the provisions of paragraph (1) in the case where, in connection with the cancellation of a specified contract for electronic payment instruments transaction at the request of a user, damages or inspect its books other money has been paid to the principal electronic payment instruments service provider exceeding the amount specified by Cabinet Office Order as the amount of fees, remuneration and documents other consideration to be paid by the customer in relation to the financial instruments transaction contract that corresponds to the period until the cancellation of the financial instruments transaction contract (referred to as "consideration" in the following paragraph), the cancellation of the financial instruments transaction contract payment or the payment of penalties the payment of other money to the person who made the cancellation, Article 37-6, paragraph (4) pursuant to the provisions of paragraph (1) at the request of the user customer user Article 38, item (i) or the solicitation thereof the intermediation or solicitation thereof customer user Article 38, items. (ii) through (vi) customer user Article 40, item (i) an act that constitutes a financial instruments transaction the conclusion of a specified contract for electronic payment instruments transaction customer user Article 40, item (ii) customer user

When the Prime Minister finds it particularly necessary for the provision of the cryptoasset exchange service in a proper and steady manner, the Minister may, to the extent necessary for this, order a person to whom business has been entrusted by the cryptoasset exchange service provider (including persons to whom the service has been entrusted by the entrusted person (including those under multi-tier entrustment arrangements); hereinafter the same applies in this Article) to submit reports or materials that can be used as reference for the business or property of that cryptoasset exchange service provider, or have officials enter the facility of the person to whom business has been entrusted by that cryptoasset exchange service provider, ask questions about the status of its business or the property of that cryptoasset exchange service provider or inspect its books and documents or other items.

A person to whom business has been entrusted by a cryptoasset exchange service provider referred to in the preceding paragraph may refuse the submission of reports or materials, or the questions or inspection referred to in that paragraph if there are reasonable grounds for doing so.

(Order to Improve Business Operations)Books and Documents

When the Prime Minister finds it necessary for the provision of the cryptoasset exchangeAn electronic payment instruments intermediary service in a proper and steady manner, the Minister may,provider must, pursuant to the extent necessary for this, order a cryptoasset exchange service provider to take necessary measures to improve the operation of its business orprovisions of Cabinet Office Order, prepare and maintain books and documents on its financial status or take other measures necessary for the supervisionelectronic payment instruments intermediary services.

If the Prime Minister finds it necessary and appropriate for the public interest or the protection of users, the Prime Minister may order a cryptoasset exchange service provider to hold, within Japan, the part of its assets specified by Cabinet Order.

(Revocation of Registration)Written Reports

If a cryptoasset exchange An electronic payment instruments intermediary service provider falls under any of the following items, the Prime Minister may revoke its registration referredmust, pursuant to in Article 63-2 or order the cryptoasset exchange service provider to suspend all or part of its cryptoasset exchange service, specifying a period of suspension not exceeding six months:the provisions of Cabinet Office Order, prepare a written report on its electronic payment instruments intermediary services for each business year and submit it to the Prime Minister.

the cryptoasset exchange service provider falls under any of the items of Article 63-5, paragraph (1);

the cryptoasset exchange service provider referred to in Article 63-2 has been registered through wrongful means; or

the cryptoasset exchange service provider violates this Act or an order under this Act, or a disposition under this Act or an order.

If the Prime Minister is unable to ascertain the locations of business offices of a cryptoasset exchange service provider or the whereabouts of the company director or executive officer representing the cryptoasset exchange service provider (in cases of a cryptoasset exchange service provider that is a foreign cryptoasset exchange service provider, the representative person in Japan), the Prime Minister, pursuant to the provisions of Cabinet Office Order, may issue public notice of that fact and revoke the registration of the cryptoasset exchange service provider under Article 63-2 if no application is made by the service provider after thirty days have passed since the day of the public notice.

The provisions of Chapter III of the Administrative Procedure Act do not apply to disposition under the provisions of the preceding paragraph.

(Deletion of Registration)On-Site Inspections

IfWhen the Prime Minister revokes finds it necessary for the registration referred to provision of the electronic payment instruments intermediary services in Article 63-2 pursuant to provisions of paragraph (1) a proper and steady manner, the Minister may order an electronic payment instruments intermediary service provider to submit reports or (2) of the preceding Article materials that can be used as reference for its business or when property, or have officials enter the registration referred to in Article 63-2 ceases to be effective pursuant to business offices, offices or other facilities of the electronic payment instruments intermediary service provider, ask questions about the provisionsstatus of Article 63-20, paragraph (2)its business or property or (8), the Minister must delete the registrationinspect its books and documents or other items.

When the Prime Minister finds it particularly necessary for the provision of the electronic payment instruments intermediary services in a proper and steady manner, the Minister may, to the extent necessary for this, order a person to whom business has been entrusted by the electronic payment instruments intermediary service provider (including persons to whom the business has been entrusted by the entrusted person (including those under multi-tier entrustment arrangements); hereinafter the same applies in this Article) to submit reports or materials that can be used as reference for the status of the business or property of the electronic payment instruments intermediary service provider, or have officials enter the facility of the person to whom business has been entrusted by the electronic payment instruments intermediary service provider, ask questions about the status of the business or property of the electronic payment instruments intermediary service provider or inspect its books and documents or other items.

A person to whom business has been entrusted by the electronic payment instruments intermediary service provider referred to in the preceding paragraph may refuse the submission of reports or materials, or the questions or inspection referred to in that paragraph if there are reasonable grounds for doing so.

(Public Notice of Supervisory Dispositions)Order to Improve Business Operations

IfWhen the Prime Minister implements a disposition pursuant tofinds it necessary for the provisionsprovision of Article 63-17, paragraph (1) or (2)the electronic payment instruments intermediary services in a proper and steady manner, the Minister must give public notice may, to the extent necessary for this, order an electronic payment instruments intermediary service provider to that effect pursuanttake necessary measures to improve the provisionsoperation of Cabinet Office Orderits business or its financial status or take other measures necessary for the supervision.