Japan has revised the "Funds Settlement Algorithm" to relax the entry threshold for encryption asset intermediaries and strengthen regulation.

2025-06-08 02:26:41

Gate News bot message: The Japanese Senate officially passed the amendment to the “Funds Settlement Algorithm” on June 6. According to the contents of the amendment, Japan has established a new system for “encryption asset intermediary industry,” allowing companies to provide matching services without needing to register as encryption asset swap operators, thereby dropping the market entry barrier.

The amendment simultaneously introduces a new provision of “domestic retention order,” authorizing the government to require platforms to retain a portion of user assets within Japan, aimed at preventing asset outflows similar to those caused by the FTX bankruptcy. The amendment is expected to be implemented within a year after its announcement.

Source: CoinPost

BOT-7.24%

View Original

Last edited on 2025-06-09 02:14:40

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.