This Act comes into effect as of the date specified by Cabinet Order within a period not exceeding 1 year from the date of promulgation.

①A person that is actually engaged in virtual currency exchange services (meaning virtual currency exchange services prescribed in Article 2, paragraph (7) of the Payment Services Act as amended by the provisions of Article 11 (hereinafter referred to as the "New Payment Services Act" in this Article); the same applies hereinafter in this Article) at the time this Act comes into effect may engage in those virtual currency exchange services, notwithstanding Article 63-2 of the New Payment Services Act, for six months from the Effective Date (or, if within that period a disposition of refusal of registration is made under Article 63-5, paragraph (1) of the New Payment Services Act, or the person is ordered to discontinue all of its virtual currency exchange services under Article 63-17, paragraph (1) of the New Payment Services Act as applied with replacement of terms pursuant to the following paragraph, until the date of that disposition or the date on which the person was ordered to discontinue). If that person has applied for registration under that Article within that period, and that period has elapsed, the same applies until a disposition of registration or refusal of registration is made on the application.

②In the case where a person may engage in virtual currency exchange services pursuant to the preceding paragraph, the provisions of the New Payment Services Act apply to that person, deeming the person to be a virtual currency exchange service provider (meaning a virtual currency exchange service provider prescribed in Article 2, paragraph (8) of the New Payment Services Act). In this case, the phrase "revoke its registration referred to in Article 63-2" in Article 63-17, paragraph (1) of the New Payment Services Act is deemed to be replaced with "order the discontinuation of all of its virtual currency exchange services", and beyond that, any necessary technical replacement of terms is specified by Cabinet Order.

③In the case where a person is ordered to discontinue all of its virtual currency exchange services under Article 63-17, paragraph (1) of the New Payment Services Act as applied with replacement of terms pursuant to the preceding paragraph, for the purpose of applying the provisions of the New Payment Services Act, the person so ordered is deemed to be a person whose registration under Article 63-2 of the New Payment Services Act has been revoked under that paragraph, and the date on which the person was so ordered is deemed to be the date of revocation of registration under that Article under that paragraph.

With regard to the application of penal provisions to acts committed before this Act comes into effect, the provisions then in force continue to govern.

Beyond what is provided for in Articles 2 through 8 and the preceding Article of the Supplementary Provisions, transitional measures necessary in connection with the enforcement of this Act (including transitional measures concerning penal provisions) are specified by Cabinet Order.

The government is to, with a target of five years after this Act comes into effect, taking into account the status of the enforcement, etc. of the respective Acts as amended by this Act (hereinafter referred to in this Article as "the respective Acts as amended"), when it finds it necessary, review the provisions of the respective Acts as amended, and take the required measures based on the results of that review.