![]() 00004īTC ETH XRP LTC MONA BCC XLM QTUM BAT OMG XYM LINK MKR BOBAĭirector-General of the Kanto Local Finance Bureau No. 00003īTC ETH ETC LTC BCH MONA LSK XRP BAT XEM XLM XTZ DOT LINK XYMĭirector-General of the Kanto Local Finance Bureau No. 00002ĭirector-General of the Kanto Local Finance Bureau No. 00001ĭirector-General of the Kanto Local Finance Bureau No. (ii)property value which can be mutually exchanged with what is set forth in the preceding item with unspecified persons acting as counterparties, and which can be transferred by means of an electronic data processing system.ĭirector-General of the Kanto Local Finance Bureau No. (i)property value (limited to that which is recorded on an electronic device or any other object by electronic means, and excluding the Japanese currency, foreign currencies, and currency-denominated assets the same applies in the following item) which can be used in relation to unspecified persons for the purpose of paying consideration for the purchase or leasing of goods or the receipt of provision of services and can also be purchased from and sold to unspecified persons acting as counterparties, and which can be transferred by means of an electronic data processing system and (5)The term “crypto-assets” as used in this Act means any of the following provided, however, that those indicating electronically recorded transferable rights prescribed in Article 2, paragraph (3) of the Financial Instruments and Exchange Act (Act No. XEM XYM COINCHECK FULLWe have posted the full definition under Article 2, Paragraph 5 of Payment Service Act below: For each parachain token, there are different purposes and general acceptance, so the analysis of four elements are essential. These elements are essential when we try to legally analyze parachains’ tokens. There are 4 elements for a token to be “crypto-assets” under the Japanese law.ġ General Acceptance (for payment for goods and service and for sale and purchase)Ģ Storage of value (via electorinic record)ģ Not the Japanese currency, foreign currencies, and currency-denominated assetsĤ Not a security token (‘electronically recorded transferable rights’) which is governed by other laws ![]()
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