Regulatory and Tax Changes Affecting Crypto-Asset Exchange Businesses and the Risk of External Contractors' Bankruptcy
First written in FY2021-Q2. 2 of 3 entries say "Restated". Latest entry: 2026-07-31.
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- 2026-07-31RestatedBusiness Alliances
「A bill to revise the regulations governing cryptoassets by transferring them from the current Payment Services Act to the Financial Instruments and Exchange Act has been submitted to the Diet. Assuming the bill is enacted, it is expected to take effect in fiscal 2027.」
The risks from legal and policy changes affecting cryptoasset exchange businesses were described, including a possible transfer to the Financial Instruments and Exchange Act and stricter internal controls, system-risk management and cybersecurity management. - FY2021RestatedAnnual report
「In the future, changes in laws, tax systems or policies may prohibit or restrict crypto-asset transactions or increase taxation, restricting the holding or trading of crypto assets or resulting in less favorable treatment than at present.」
Risks from changes in laws, tax systems and policies affecting the crypto-asset exchange business, and business continuity risks arising from the failure of outsourced providers, continue. - FY2021-Q2First statedAnnual report
「In the future, changes in laws, tax systems or policies may prohibit or restrict crypto-asset transactions or increase taxation, restricting the holding or trading of crypto assets or resulting in less favorable treatment than at present. In addition, changes in the external environment or the failure of outsourced providers that supply the Company with systems and other necessary services could make it impossible for the Company to continue its business.」
Following the consolidation of Zaif as a subsidiary, the Company newly disclosed risks specific to the crypto-asset exchange business arising from changes in laws, tax systems and policies, as well as business continuity risks arising from the failure of outsourced providers supplying necessary services.