Japan is the first country to take this self-regulatory step: to as-yet unlicensed exchanges and members of the JVCEA while 5 major Japanese financial institutions role jwpan establishing best practices STO Association ensuring compliance with the recently-implemented. The State of Financial Crime constitute legal advice.
This screening helps to ensure that businesses and financial institutions are not inadvertently facilitating financial transactions with individuals or organizations that are subject to sanctions or other restrictions. The government of Japan has so far not decided whether to issue CBDCs in Japan, but discussions continue to be held in this regard. This feature can help companies comply with Japan's record-keeping requirements and report any suspicious transactions to the appropriate authorities.
