Japan's Financial Services Agency announced revisions to the Payment Services Act, set to take effect on June 1. The updated regulations encompass stablecoins, digital payment methods, crypto assets, and intermediaries in electronic payment services and fund transfer businesses. Notably, reserve assets for specific trust beneficiary-type electronic payment methods can be used under certain conditions for government bonds and early termination fixed deposits, with defined allocation limits and principal protection requirements. Additionally, new intermediary businesses will have clear registration, user guidance, and protection rules.