The Financial Services Agency of Japan has submitted an amendment to the Payment Services Act to the Diet, which requires exchange operators to retain user assets domestically to prevent capital outflows in the event of bankruptcy. At the same time, the supporting assets of trust type stablecoins can include US Treasury bonds with a maturity of no more than three months or "medium-term cancellable time deposits", up to 50% of the issuance amount. In addition, the bill proposes to establish a category of "intermediary business" to regulate enterprises that only act as transaction intermediaries, in order to lower compliance thresholds. Previously, the Liberal Democratic Party's Web3 working group proposed transferring cryptocurrency regulation to the Financial Instruments and Transactions Act (FIEA) and implementing a separate tax system. （CoinDesk） https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=39106