As reported by the media, Japan’s House of Representatives has approved a bill which that would basically introduce amendments to two national laws that are applicable to crypto assets — the Act on Settlement of Funds and the Financial Instruments and Exchange Act.
“The bill — which had been prepared by Japan’s Financial Services Agency (FSA) and accepted by the House in mid-March of this year — has been passed by a majority in the House of Councilors plenary session.”
Bill also provides for stronger legislation for crypto margin trading, limiting leverage to two to four times the initial deposit.
[Source: Cointelegraph]