M&A of Cryptoasset Exchange Service Providers – Regulatory Specificities
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13 November 2025
1. Introduction: Background to M&A of Cryptoasset Exchange Service Providers To operate a cryptoasset exchange in Japan requires registration as a cryptoasset exchange service provider (CESP) under the Payment Services Act (PSA).As of the date of writing, there are 28 registered CESPs. Both domestic and foreign companies are continuously seeking to enter the Japanese cryptoasset […]
