According to Nikkei, Japan’s House of Councillors plenary session passed and promulgated amendments to the Financial Instruments and Exchange Act on July 15, bringing crypto assets under financial instrument regulation and strengthening investor protection. The market generally believes that the new rules on reserve requirements for exchange operators may drive consolidation and restructuring within Japan’s crypto industry. Masahiko Saito, Director of the Markets Division at Japan’s Financial Services Agency, said the Financial Services Agency neither recognizes nor recommends trading crypto assets.

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BollingerBeliever
· 10h ago
As soon as the reserve fund requirements are introduced, smaller and mid-sized exchanges will definitely start bawling and shouting in protest—it’s inevitable that there will be consolidation and restructuring; it just comes down to who can last until the very last round.
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FingerprintGuard
· 10h ago
After the new regulations take effect, will Japan’s crypto market become as institutionalized as the US stock market? Are retail investors’ opportunities becoming fewer?
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BlueChipWhisper
· 10h ago
Japan has finally started taking crypto assets seriously. Reserve requirements may eliminate some smaller exchanges, but in the long run this is a good thing.
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