[Japan's Multiple Departments Jointly Issue Guidelines on the Use of Cryptocurrency in Real Estate Transactions, Strengthening Anti-Money Laundering Obligations] The Ministry of Land, Infrastructure, Transport and Tourism, the Financial Services Agency, the National Police Agency, and the Ministry of Finance of Japan jointly issued a document today, outlining the following requirements for the use of cryptocurrency in real estate transactions: Real estate transaction operators should note that converting cryptocurrency into fiat currency or mediating such conversions may constitute a crypto asset trading business. Engaging in such business without proper registration would violate the Payment Services Act. If unlicensed crypto asset trading activities are suspected, they should be reported to the police. When accepting cryptocurrency payments, real estate transaction operators must strictly comply with the transaction verification obligations stipulated by anti-money laundering laws and submit suspicious transaction reports to the relevant authorities in a timely manner. Cryptocurrency trading operators, upon discovering that a client is using cryptocurrency to make large real estate transaction payments that are inconsistent with the client's profile, must also fulfill strict verification and reporting obligations.