TechFlow news, June 8 — According to CoinPost, on June 6, Japan's House of Councillors passed an amendment to the "Funds Settlement Law," establishing a new regulatory framework for "crypto asset intermediaries." This allows companies to provide matching services without registering as crypto asset exchange operators, aiming to lower market entry barriers and promote innovation in crypto finance. The amendment also introduces a new "domestic holding order" clause, empowering the government to require platforms to retain certain user assets within Japan when necessary, preventing risks of asset outflows similar to the FTX bankruptcy incident. The new law is expected to officially take effect within one year of its publication.
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