Japan’s Parliament Approves Revised Payment Services Act for Crypto

The Japanese House of Councillors has approved a revised Payment Services Act, introducing new regulations to guide Cryptocurrency Exchange Service Providers and fostering greater market stability. The bill enhances investor protections while aligning Japan’s framework with global standards. This update aims to lower barriers for stablecoin issuers and includes direct refund options for users in case of business failures. 2025 Tax Reform Outline is also influencing these changes, suggesting a shift toward more robust regulation and market openness.