Japan Postponed Cryptocurrency Amendments

Initially, the entry into force of the amendments was planned for early April but then was postponed to May 1. Amendments are made to the law on settlements and the law on financial instruments and exchanges. Changes will occur in the cryptocurrency sphere and terminology, for example, instead of virtual currency, there will be a crypto asset.

Besides, the amendments introduce separate storage of own funds of exchanges and user ones. All this will be controlled by a third-party company where methods such as cold wallets will be used. Platforms are required to have the necessary number of assets to provide reimbursement in case of breaking hot crypto wallets immediately.

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A fraudulent website has appeared on the network that offers Ethereum 2.0 PoS Mining users who visit it. its creators guarantee users the income from staking digital currency. The site administration offers visitors to make a deposit a deposit of 0.2 ETH to 1,024 ETH or more. The user will receive the status corresponding to the contributed asset.