Japan is regulating legal technology through a pragmatic combination of government guidelines and industry self-regulation rather than a new legal framework. The Ministry of Justice issued Guidelines clarifying that AI contract review services do not constitute unauthorized practice of law under the Attorneys Act, while industry players published self-regulatory "Principles on Legal Tech and AI" committing to "lawyer-in-the-loop" governance and good development practices.
India is enhancing oversight of cryptocurrencies within the Virtual Digital Asset (VDA) framework. While the legality of purchasing, selling, and holding crypto remains unchanged, recent regulatory updates focus on the standardized reporting requirements set by the Central Board of Direct Taxes (CBDT) through Form 167, detailed transaction disclosures in Schedule VDA, and stringent anti-money laundering obligations from the Financial Intelligence Unit (FIU-IND).
The FCA has published a major package of final rules and guidance covering regulated cryptoasset activities, stablecoin issuance, custody, admissions and disclosures, market abuse, prudential requirements and wider conduct standards.
ESMA has called on cryptoasset service providers without MiCA authorisation to stop onboarding new EU clients and begin an orderly wind-down that protects existing clients as the transitional period ends.
Dubai VARA has issued guidance focused on business-wide AML/CFT risk assessments, reinforcing how licensed virtual asset service providers should identify, document and manage financial-crime exposure.
VARA has published detailed guidance and illustrative examples addressing virtual asset issuance categories, whitepaper requirements, risk disclosures, licensed distributors and excluded virtual assets.
Regulatory developments can change quickly and may apply differently depending on your activities, users and jurisdictions. Speak with counsel before relying on an update.
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