Docs/MoF Q&A

MoF Q&A — 100 Questions

Comprehensive Q&A for Ministry of Finance covering legal classification, credit creation, stablecoins, CBDC, and government implementation

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1. Legal Classification & System Design (1-10)

2. Credit Creation & Lending Regulations (11-20)

3. Stablecoin / CBDC / RWA (21-30)

MoF Q&A — 100 Questions

1. Legal Classification & System Design (1-10)

2. Credit Creation & Lending Regulations (11-20)

3. Stablecoin / CBDC / RWA (21-30)

4. KYC / AML / Audit (31-40)

5. FSA Administrative Classification (41-50)

6. Stablecoin / CBDC Handling (51-60)

7. AML / CFT / Transparency (61-70)

8. Risk Management & System Safety (71-80)

9. Regulatory Framework & Supervision (81-90)

10. Government Implementation & Operations (91-100)

MoF Q&A — 100 Questions

1. Legal Classification & System Design (1-10)

1.Does Lendler fall under "Funds Transfer Service" or "Banking"?

2.Why is "Non-Custodial" important institutionally?

3.Does Lendler fall under "Lending Business"?

4.Why doesn't the platform collect interest?

5.Does Lendler fall under "Credit Intermediation"?

6.Do regulations change if handling JPYC/EURC/CBDC?

7.Is there any possibility of holding user assets?

8.Is smart contract "locking" of assets custody?

9.Why does MoF classify Lendler as "infrastructure" not "financial service"?

10.Why suitable for government PoC?

2. Credit Creation & Lending Regulations (11-20)

11.Does Lendler perform "Credit Creation"?

12.Is peer lending "financial instruments trading"?

13.Who determines lending rates?

14.Does Lendler bear default risk?

15.Does protocol provide liquidity with own funds?

16.If participants incur losses, does Lendler have liability?

17.Do default prevention features (collateral/LTV) violate regulations?

18.Would recommending rates violate regulations?

19.Does Lendler make "Credit Decisions"?

20.Why is "no credit creation model" important to MoF?

3. Stablecoin / CBDC / RWA (21-30)

21.Does Lendler "issue" stablecoins?

22.Why target JPYC first?

23.Is CBDC integration problematic regulatorily?

24.When handling RWA, does it fall under FIEA?

25.Does Lendler calculate stablecoin collateral value?

26.Criteria for selecting stablecoins?

27.Doesn't MoF worry about stablecoins as quasi-currency?

28.Handling multiple stablecoins complicates regulations?

29.What about tokenized government bonds?

30.Benefits of using Lendler for CBDC/RWA pilots?

4. KYC / AML / Audit (31-40)

31.How are Lendler's KYC standards determined?

32.Who implements KYC?

33.How is AML handled?

34.If compliance violations occur, is Lendler liable?

35.Is internal audit necessary?

36.Can audit logs be tampered?

37.What logs do auditors see?

38.Difference between government and private audits?

39.Where is KYC data stored?

40.Can KYC users use all features?

5. FSA Administrative Classification (41-50)

41.Does it fall under Banking Act "deposit handling"?

42.Does it fall under FIEA "Type II Financial Instruments"?

43.Does it fall under "Money Lending Business Act"?

44.Subject to Funds Transfer Service registration?

45.Does it fall under Crypto Exchange Registration?

46.Handling JPYC requires additional permits?

47.Classified as "Credit Supply Business"?

48.Does providing matching make it regulated?

49.Is the 1% fee legally problematic?

50.Which supervisory authority?

6. Stablecoin / CBDC Handling (51-60)

51.How does Lendler handle stablecoins?

52.Additional licenses needed for stablecoins?

53.Regulatory environment for CBDC?

54.Direct connection to central bank needed for CBDC?

55.Is using stablecoins/CBDC as collateral legal?

56.Is stablecoin leverage legally problematic?

57.For CBDC, does Lendler qualify as financial infrastructure?

58.Where are stablecoin transfer logs stored?

59.Relationship with stablecoin issuers?

60.Will legal classification change with CBDC full operation?

7. AML / CFT / Transparency (61-70)

61.How does Lendler comply with AML/CFT?

62.Is transaction monitoring performed?

63.How is wallet screening performed?

64.How is wallet allowlist managed?

65.How are audit trails ensured?

66.Can Big4 audit Lendler?

67.What data does Lendler hold?

68.Why is non-custodial strong for audits?

69.How is fraud detected?

70.FATF Travel Rule compliance?

8. Risk Management & System Safety (71-80)

71.What is Lendler's biggest risk factor?