일본의 전자금융거래 관련 법제의 최근 동향과 전망

In 2006, Korea enacted the Electronic Financial Transactions Act, the world's first law governing electronic financial transactions, and took effect in January 2007. However, the prevailing view is that the current electronic financial transaction law is difficult to regulate due to the rapid spread of Cellular phones and the expansion of mobile finance. Major foreign countries are also striving to improve the system to cope with the environment in which financial transactions using digital technology are common. In the case of Japan, let's look at what kind of system maintenance has been carried out and what parts can be of reference to us. The core of the Electronic Financial Transactions Act can be said to be electronic payment, which refers to remittance and payment by electronic means. Therefore, I focused on the Payment Services Act, which is a law governing payment related to remittance and payment in Japan. In Japan, systems such as the Fund Settlement Act have been preemptively reorganized to revitalize electronic financial transactions. In particular, the revised Fund Settlement Act, Financial Product Transactions Act, and Cabinet Orders, which took effect on May 1, 2020, are significant as rules-making that provide certain solutions to various content and business models discussed in the blockchain industry. Stable coin-related issues need practical interpretation, but it is generally believed that a large framework has been presented. As these efforts create an environment to promote innovation and become the basis for revitalizing transactions, we also need to actively promote the improvement of the Electronic Financial Transactions Act and related systems as part of system maintenance to meet the changes of the times.