The Japanese government has approved the adoption of the Travel Rule, with a new law set to come into force next month.
But domestic exchanges are experiencing difficulty with adoption, leading to crypto withdrawal difficulties.
Per Sankei News, the cabinet of ministers has signed off on an amendment to the Act on Prevention of Transfer of Criminal Proceeds, which will “come into effect on June 1.”…
Read More: Japanese Gov’t Green-lights Travel Rule Adoption – Are Crypto Exchanges Struggling to Comply?