TechFlow deep-news: On July 22, according to Japan’s Nikkei, Japan’s amendments to the Financial Instruments and Exchange Act were passed by the full House of Councillors on July 15, officially bringing crypto assets (virtual currencies) under a financial products regulatory framework. While strengthening user protection, the new law requires exchanges to set aside liability reserve funds. The industry widely expects this move to become an important trigger for industry elimination, consolidation, and restructuring. Market Division Director Saito Hayuhiko of the Financial Services Agency clearly stated that the Financial Services Agency does not endorse crypto-asset trading and does not make any recommendations.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned