You can see the rules and regulations in other jurisdictions.
When seeking to provide financial services in Japan, operators are in principle subject to Japanese laws and must obtain a Japanese licence because Japan's financial rules aim to protect Japanese consumers.1
Furthermore, under Japanese financial laws, a company may not obtain a licence unless it is governed by Japanese laws (for licences allowing individuals to perform services, the individual must be a resident of Japan) when providing financial services to Japanese consumers.1
Foreign companies with business establishments in Japan may, however, obtain Japanese licenses if they have business establishments in Japan, such as operators of Type I and Type II financial instruments, investment managers, advisers, and agents, as well as third-party prepaid payment instrument issuers, acquirers, and PSPs.1
Aside from banks, insurance firms, fund transfer service providers and cryptoasset exchanges, foreign organisations with a licence corresponding to a Japanese one that permits them to operate within the country have the option of acquiring their own permit here. That being said, this comes with its own conditions such as setting up an office here and securing a representative who is a resident.1
