Japan's FSA Releases Revised Payment Services Act Ordinances, Effective June 1

According to NADA NEWS, Japan's Financial Services Agency released supplementary ordinances related to the revised Payment Services Act on May 22, with implementation on June 1, 2026.

The updated rules cover stablecoins and other electronic payment instruments, crypto asset service intermediaries, fund transfer services, and cross-border collection operations. Key provisions specify the underlying asset range, allocation caps, and principal protection requirements for specified trust beneficiary rights-type electronic payment instruments. New registration requirements, user disclosure rules, prohibited conduct, user protection, and bookkeeping standards for electronic payment instruments and crypto asset intermediary services have also been clarified.