Japan · Trust, risk & JFSA
Honest about risk and regulation.
Crypto assets are high risk and Furlpay is not registered with the JFSA. Here is exactly where we stand, what the risks are, and how we protect you.
Our JFSA status (as of July 2026)
Furlpay is not registered with Japan's Financial Services Agency (JFSA) as a Crypto-Asset Exchange Service Provider or an Electronic Payment Instrument Exchange Service Provider (EPIESP). USDC itself is a legal Electronic Payment Instrument in Japan as of 1 June 2026, distributed through registered intermediaries such as SBI VC Trade. We are evaluating a licensed-intermediary pathway and will update this page as our status changes.
We do not overstate our position. If a claim about registration or licensing is not on this page, we have not made it.
Key risks you should understand
- • You could lose all the money you put in. Crypto-asset values can fall sharply and without warning.
- • Crypto assets are not legal tender in Japan and are not bank deposits or covered by deposit insurance.
- • Stablecoins carry issuer and peg risk. USDC is designed to track the US dollar but is not guaranteed to hold its value.
- • Crypto is complex. Make sure you understand what you are buying and can bear the risk before you proceed.
How we protect you
Passkey + MPC custody
WebAuthn passkeys and 2-of-2 MPC — no seed phrase, phishing-resistant, no single point of key compromise.
Sanctions screening
Both sides of every payment are screened before settlement.
95% principle & segregation
Custody is designed around cold-storage-first and asset segregation, the controls Japanese regulation expects.
Open source
Core SDKs, CLI and the x402 facilitator are MIT-licensed and independently auditable.
Japan questions
Is Furlpay registered with Japan's FSA?
No. Furlpay is not registered with the Financial Services Agency (JFSA) as a Crypto-Asset Exchange Service Provider or an Electronic Payment Instrument Exchange Service Provider (EPIESP). Both registrations require a local presence and are how stablecoins are distributed and intermediated in Japan. Furlpay is evaluating a licensed-intermediary pathway and states its status honestly.
Is USDC legal in Japan?
Yes. Since 1 June 2026 USDC is recognised under Japanese law as an Electronic Payment Instrument, distributed by JFSA-registered providers such as SBI VC Trade. That gives businesses legal clarity to accept it — through a compliant intermediary pathway rather than a grey area.
Are my crypto assets protected?
Crypto assets are high risk. They are not legal tender, not bank deposits, and not covered by deposit-insurance schemes. Their value can fall as well as rise, and you may lose all the money you put in.
How does Furlpay keep funds secure?
Furlpay uses passkey (WebAuthn) authentication and 2-of-2 MPC custody, so there is no seed phrase and no single device can move funds alone. Payments are screened against sanctions lists, and core code is open-source and auditable.
Furlpay is not a bank and is not registered with the JFSA. Crypto assets are high risk, are not legal tender, and can lose value. This page is information, not financial advice. Status accurate as of July 2026.