Wu said that according to Cryptonews, the Japanese government has approved a proposal to revise the Payment Services Act, relax regulatory requirements for cryptocurrency brokers, and adjust the endorsement asset rules for stablecoins. The new regulations allow cryptocurrency brokers to operate as "intermediary businesses" without the need to apply for similar licenses from exchanges or wallet operators; Stablecoin backed assets can include specific Japanese and US government bonds (with a remaining maturity of ≤ 3 months, up to 50%), and no longer require 1:1 cash deposits; The regulatory requirements for brokers have been reduced, and they do not need to meet financial or anti money laundering requirements. They only need to prove that they do not directly handle customer funds to obtain a license. The bill has been submitted to Congress for review and is expected to be passed soon. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=39202