Japanese Regulations on Non-Fungible Tokens (NFTs)

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In recent years, the exploitation of digital assets using blockchain technology has been rapidly expanding. Among these blockchain-based digital assets, NFTs have the ‘unique’ feature, and have therefore enjoyed an increasingly strong market presence. Various types of NTFs, such as those related to digital arts, athletes, musicians and intellectual property (IP), have been put into practical use in Japan.

In this Newsletter, we provide an outline of the current regulations on NFTs in Japan.


  1. Overview
  2. Interests in collective investment schemes
  3. Crypto-assets
  4. Exchange transactions
  5. Prepaid payment instruments
  6. Gambling

To read the full newsletter, please download the PDF file from the following link.

Authors: Attorney-at-Law Tomohiro Kandori, Attorney-at-Law Makoto Hibi, Attorney-at-Law Hidenori Shibata

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