According to Nikkei, Japan's House of Councillors passed and enacted amendments to the Financial Instruments and Exchange Act on July 15, incorporating crypto assets into financial instrument regulations and strengthening investor protection. The market generally believes that the new rules, particularly the reserve requirements for exchange operators, may drive consolidation and restructuring in Japan's crypto industry. Masahiko Saito, Director of the Financial Services Agency's Market Bureau, stated that the FSA neither endorses nor recommends crypto asset trading. https://(wublock123.com)/news/japan-crypto-regulatory-amendment-exchange-reserve-requirements-merge-pressure-65096