일본의 자금결제법에 의한 가상통화규제와 시사점

Virtual currency Regulation and Implications of Fund Settlement Act in Japan

Recently, Interest in virtual currency such as Bitcoin, ethereum etc. is increasing. Trading with virtual currency is also increasing. Virtual currencies are fluctuating in price, tax evasion, multistage sale fraud and cyber crime. Virtual currency is called various terms such as Digital Currency, Crypto Currency and Virtual Currency etc. Especially, the term “Currency” can be mistaken for legal currency. Also there is not legal provision for virtual currency in Korean law. Therefore, it is necessary to review regulations for securing transparency and supervision of virtual currency transactions. Japan has implement the revised Fund Settlement Act for virtual currency from April 1, 2017. Due to this amendment, the virtual currency was first accepted into law. Also the operator of the virtual currency exchange is subject to Fund Settlement Act as a Virtual currency exchange business. The concept of virtual currencies became clear with the revised Fund Settlement Act. And regulations on Virtual currency exchange business have been improved. This paper examines the major contents of revised Fund Settlement Act in japan. Then I would like to suggest some implications by comparing the trend of the virtual currency law in Korea and revised Fund Settlement Act in Japan.