You can see the rules and regulations in other jurisdictions.
Moneylending and intermediary services must be registered as moneylending businesses, as described in Section IV. Loan-type crowdfunding (crowd-lending or peer-to-peer lending) must also be registered as a moneylending business.1
Unlike banks and fund transfer service providers, issuers of prepaid payment instruments, which are widely used for small settlements, are not subject to KYC or reporting suspicious transactions under Japanese AML laws because they generally do not repay cash to their customers. The amount of prepaid payment instruments that can be issued to each user under the PSA is also not limited.1
