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On May 29, 2026, the Japan Virtual Currency Exchange Association (JVCEA) published draft amendments to its self-regulatory rules governing the sale and handling of crypto assets for public consultation. The draft amendments address the criteria and procedures applicable to the listing and sale of new crypto assets by member firms. Proposed amendments have been made to: Rules and Guidelines on the Sale of New Crypto Assets Rules and Guidelines on the Handling of Crypto Assets Key changes include: Issuer change notification obligations (new Article 15-2): Member firms conducting entrusted sales must now include contractual provisions requiring issuers to give advance written notice of material changes, including business transfers, changes to the underlying blockchain or smart contract, and changes in beneficial ownership. Where such changes pose risks to purchaser protection, members must be entitled to terminate the entrusted sales contract and suspend or discontinue handling of the crypto asset. Intermediary activity framework: The rules are updated to reflect the introduction of crypto asset intermediary businesses clarifying how the existing new crypto asset sales rules apply where intermediaries are involved in sales activity. Handling rules — self-assessment and green list frameworks: Amendments to the crypto asset handling rules provide further detail on the operation of the Green List scheme and the Crypto Asset Self-Check (CASC) scheme, under which qualifying member firms may conduct pre-listing reviews without full advance association scrutiny, subject to enhanced post-listing monitoring and periodic reporting obligations. Ongoing disclosure and monitoring: Existing obligations on post-sale periodic disclosure and monitoring of issuer compliance are clarified, including the conditions under which members may cease ongoing reporting obligations where a project has concluded or five years have elapsed since the final sales period. Stakeholders and interested parties are invited to submit comments on the draft amendments to public@jvcea.or.jp by June 17, 2026 at 15:00 JST, or by post to JVCEA's Tokyo office. Submissions should be made in writing (email body text only; attachments and links are not accepted) and must include the respondent's name and contact details, along with identification of the specific rule being commented upon.