According to market sources, Japan's cryptocurrency reform bill will be submitted to the Diet after cabinet approval.
The Japanese government has approved a proposal to amend the Payment Services Act, aimed at reforming the regulatory framework for cryptocurrency brokers and stablecoins. The bill has been submitted to the Diet for consideration and is expected to be passed in the next few days. According to information released by the Financial Services Agency (FSA), the new regulations will allow crypto companies to operate as "intermediary businesses", meaning brokers will no longer be able to...