Japan regulates a broad range of activities relating to financial services, including the following:

• Accepting deposits - Typical banking activities involving the operation of current and deposit accounts
• Lending or brokerage of lending - Lending to consumers and corporations
• Debt collection on behalf of third parties - Generally handled by licensed lawyers, but as an exception may be handled by a debt collection service provider in a limited range of services by obtaining a license
• Providing payment and funds transfer related services - Matters such as money remittance and the operation of payment accounts
• Providing electronic payment services – (i) Instructing banks to transfer funds at the request of a client who holds a deposit account by way of using electronic data processing systems (payment initiation service providers); or (ii) providing account information obtained from banks to a client who holds a deposit account by way of using electronic data processing systems (account information service providers)
• Issuing prepaid cards or other prepaid payment instruments - Electronic and non-electronic payment methods, either card-based or account-based
• Providing credit for installment sales - Credit card services
• Conducting credit card-acquiring business
• Providing crypto-asset exchange services – Includes providing services as: (i) crypto-asset exchanges; (ii) crypto-asset dealing and brokerage businesses; and (iii) crypto-asset custodians
• Arranging or underwriting an initial coin offering (ICO) - Activities to raise funds from the public using a digital token issued by a company or an individual, which may fall within the scope of the PSA (in case a token has a feature categorized as a funds transfer service, a prepaid payment instrument or a crypto-asset as mentioned above) and/or the FIEA depending on the structure and characteristics of the token
• Issuing stablecoins – Allowed for licensed banks and FTBOs (since the issuance of stablecoins is considered as a funds transfer), and trust banks and trust companies (if issued in the form of beneficial interest in a trust) 
• Providing business related to transactions of electronic payment instruments – Includes electronic payment instruments exchanges, electronic payment instruments dealing and brokerage businesses, and electronic payment instruments custodians
• Underwriting or handling the issue of securities
• Trading in securities and other financial instruments (including derivatives) as a principal, agent, intermediary or broker
• Providing advice on financial investments – The provision of advice on the value of securities and/or investment decisions
• Investment management – Managing assets with securities investments or derivatives on behalf of another person
• Establishing, operating or distributing funds (including collective investment schemes)
• Operating an exchange or proprietary trading system
• Providing custody services (safeguarding and administration of investments)
• Operating an insurance or insurance brokerage business
• Providing trustee services, or agency or brokerage services for trust agreements/beneficial interests