New Japanese Crypto Law Focuses on Domestic Asset Protection and Global Data Sharing News ETHNews
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New Japanese Crypto Law Focuses on Domestic Asset Protection and Global Data Sharing News ETHNews
Japan mandates domestic crypto custody for exchanges to protect users if foreign platforms collapse or face bankruptcy. New rules allow stablecoin issuers to back half their tokens with low-risk assets, easing reserve requirements slightly. Japan’s parliament approved changes to the Payment Services Act on June 6 to protect local crypto investors. The revision orders crypto platforms to store customer assets within Japan. This move aims to preve…
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