According to NADA News, on July 14, Japan's Upper House Finance Committee passed amendments to the Financial Instruments Transaction Act and Fund Settlement Act to regulate digital assets. The bill now heads to the Upper House for a full vote, expected by July 17.
The amendments transfer digital asset trading regulation from the Fund Settlement Act to the Financial Instruments Transaction Act, introducing insider trading restrictions, mandatory disclosure requirements for digital asset offerings (IEOs), and investment limits to protect retail investors.