ChainCatcher news, the Japanese Cabinet has approved a proposal to reform laws related to cryptocurrency brokerage and stablecoins. According to the announcement from the Financial Services Agency (FSA) of Japan, the government has approved a Cabinet resolution to amend the Payment Services Act.The bill will allow cryptocurrency companies to operate as "intermediary businesses." This means that brokers will no longer need to apply for the same type of licenses as cryptocurrency trading platforms and cryptocurrency wallet operators. The bill also provides more flexibility for stablecoin issuers regarding the types of assets that back their tokens.In the history of the Japanese Diet, no changes to cryptocurrency-related laws have ever been rejected after receiving Cabinet approval. Similarly, the Cabinet has never rejected any legal change proposals put forward by the FSA concerning Japan's cryptocurrency regulatory matters. The FSA has a certain degree of "full authority" in Japan's cryptocurrency regulatory affairs.Previous news, the Japanese Cabinet approved a new proposal to allow VC companies to directly invest in cryptocurrency and Web3 companies.

ChainCatcher news, according to The Block, crypto brokerage Prometheum announced the inclusion of two digital assets, Uniswap (UNI) and Arbitrum (ARB), into its custody services, with plans to launch to institutional investors in the third quarter of 2024.In the future, the company also plans to expand its digital asset custody services to support investment products issued and transferred on the blockchain, including bonds, stocks, ETFs, mutual funds, options, and money market funds.

ChainCatcher news, according to the official website, multi-asset investment platform eToro has announced that it has obtained a Financial Services Permission (FSP) from the Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM). This approval allows eToro to operate as a broker for securities, derivatives, and crypto assets in the United Arab Emirates.