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Japan: Updated cryptoassets reporting framework (CARF) FAQs

Updated to include new question about “electronically recorded transferable rights representing securities”

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April 6, 2026

The National Tax Agency of Japan in March 2026 issued an updated version of its cryptoassets reporting framework (CARF) frequently asked questions (FAQs). In addition to non-substantive changes, the FAQs were updated to include the following new question:

  • Q.17. When are “electronically recorded transferable rights representing securities” treated as cryptoassets under CARF?
  • A. Electronically recorded transferable rights representing securities, as defined in Article 29‑2(1)(8) of the Financial Instruments and Exchange Act, are treated as cryptoassets for CARF purposes only when they have the characteristics of a cryptoasset as defined in Article 2(14) of the Payment Services Act.

Read an April 2026 report prepared by the KPMG member firm in Japan

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