Japan dey move make crypto brokerage rules easier and strong customer protection wit new Payment Services Act amendment dem
Japan Senate don approve big changes to Payment Services Act, wey show say dem dey shift crypto regulation for the country in better direction. The new law create legal framework for 'crypto intermediary businesses,' make e easier for brokerage firms wey wan enter Japan crypto market. The changes reduce the strong requirements wey dey for crypto exchanges and wallet operators, encourage more people and innovation especially from gaming and web3 companies. The changes go start June 2026, and e also put customer protection for ground: government fit now require crypto exchanges to keep some user assets inside Japan to stop wahala like the FTX collapse of 2022, wey user money no fit reach cos e dey overseas. If company go bankrupt, new rules fit make government force customer refund through trust banks, block user money to waka go offshore. This reform show how Japan wan make crypto market better, more innovative and safer, give traders better better protection and stability.
Bullish
Di new Japanese regulatory framework dey reduce di barriers wey dey block crypto intermediaries and brokerages for enter di market, e dey invite fresh capital and innovative companies, including gaming and web3 sector players. As e also mandate strong customer protection measures like domestic asset custody and easier refund processes when bankruptcy happen, di reforms dey specifically address big risks wey events like di FTX collapse expose. Dis approach fit increase institutional and retail confidence for di Japanese crypto sector, fit boost trading volumes and industry growth for both di short and long term. Di clear regulatory path and improved safety na positive signs for crypto traders and fit make Japan beta market for global crypto businesses.