Hot Off The PressNews

As reported by the media, Japan’s House of Representatives has approved a bill which that would basically introduce amendments to two national laws that are applicable to crypto assets — the Act on Settlement of Funds and the Financial Instruments and Exchange Act.

“The bill — which had been prepared by Japan’s Financial Services Agency (FSA) and accepted by the House in mid-March of this year — has been passed by a majority in the House of Councilors plenary session.”

Bill also provides for stronger legislation for crypto margin trading, limiting leverage to two to four times the initial deposit.


[Source: Cointelegraph]

Cabinet DecisionsLegislation Updates

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has given its approval to the Memorandum of Cooperation (MoC) between India and Japan in the field of food processing sector.

Benefits:

Bilateral cooperation in the field of food processing between India and Japan will be mutually beneficial to the food processing sector in both countries. It will promote understanding of best practices in food processing in the two countries and will help in improving the food processing sector as well as improved market access, leading to equity and inclusiveness. The MoC will lead to the betterment of the food processing sector in the country by introducing innovative techniques and processes. It will help in increasing food processing in the country by getting access to best practices and better markets.

[Release dt. 23-01-2019]

Cabinet Secretariat

[Source: PIB]