pc
nid 92937
Jun 03, 2026
rghosh@vixio.com
Japan
Japan Virtual Currency Exchange Dealers Association
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1858 charsJapan Virtual Currency Exchange Dealers Association Opens Consultation on System Governance Rules and Guidelines
On June 3, 2026, the Japan Virtual Currency Exchange Dealers Association (JVCEA) launched a public consultation on the establishment of rules and guidelines to ensure system governance for cryptocurrency exchange operators.
The consultation seeks stakeholder feedback on proposed regulatory frameworks designed to strengthen system governance requirements for entities operating in Japan's virtual currency exchange sector. System governance encompasses the internal controls, risk management procedures, and technological infrastructure that cryptocurrency exchange operators must maintain to protect market integrity and customer assets. By establishing clear rules and guidelines, the JVCEA aims to standardise governance practices across the industry and ensure operators implement adequate safeguards against operational failures, cybersecurity threats, and other system-related risks. This development reflects broader regulatory efforts to enhance the resilience and trustworthiness of Japan's cryptocurrency market infrastructure.
The consultation period runs from June 3, 2026, through June 15, 2026, at 15:00 Japan Standard Time. Stakeholders, including cryptocurrency exchange operators, technology providers, and other interested parties, can submit comments through the submission method detailed on the JVCEA website. The JVCEA will review all feedback received during the consultation period and use responses to inform the final rules and guidelines, which will establish binding requirements for JVCEA members operating cryptocurrency exchanges in Japan.
REFERENCES:
Japan Virtual Currency Exchange Dealers Association. "Public Comment: Opinion Recruitment Procedure Regarding the Establishment of Rules and Guidelines for Ensuring System Governance in Cryptocurrency Exchange Operations." Accessed June 3, 2026. https://www.jvcea.or.jp/
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2277 charsJapan Virtual Currency Exchange Dealers Association Opens Consultation on System Governance Rules and Guidelines
On June 3, 2026, the Japan Virtual Currency Exchange Association (JVCEA) published new draft rules and guidelines on system governance for crypto asset exchange businesses for public consultation. The draft documents propose the establishment of a new overarching system governance framework alongside amendments to four existing sets of rules and guidelines governing system risk management, emergency response, information security management, and user asset management for crypto asset exchange businesses.
Proposed new rules and amendments have been made to:
Rules and Guidelines on System Governance for Crypto Asset Exchange Businesses : Carved out from the existing System Risk Management Rules and consolidates provisions that senior management are considered particularly responsible for overseeing. It establishes a dedicated governance-level framework for system and cybersecurity risk, separate from operational-level system risk management requirements.
Rules and Guidelines on System Risk Management for Crypto Asset Exchange Businesses : Provisions relating to senior management responsibilities are extracted into the new System Governance Rules above.
Rules and Guidelines on Emergency Response for Crypto Asset Exchange Businesses : Incorporates relevant content from the FSA's Cybersecurity Guidelines for the Financial Sector and has been updated to clarify the documents and standards that members should reference when identifying and assessing the risk of crypto asset outflows and similar incidents.
Rules and Guidelines on Information Security Management for Crypto Asset Exchange Businesses : Incorporates relevant content from the FSA's Cybersecurity Guidelines for the Financial Sector , strengthening information security requirements in line with current cybersecurity standards.
Guidelines on the Rules on Management of User Assets for Crypto Asset Exchange Businesses : Clarifies the specific documents and standards that members must refer to when identifying and assessing risks related to the outflow of crypto assets and other user asset risks.
Stakeholders and interested parties are invited to submit comments on the draft rules and guidelines to public@jvcea.or.jp by June 15, 2026 at 15:00 JST, or by post to JVCEA's Tokyo office.