Japan’s Financial Services Agency is seeking feedback on new regulations that would allow “foreign” stablecoins such as USDC and USDT to be listed locally, according to Nikkei. By iamsandali
Following the collapse of multi-billion dollar stablecoin issuer Terra earlier this year, Japan's parliament quickly passed a set of rules specific to stablecoins and focused on investor protection.
The new rules on foreign stablecoins will be applied in conjunction with the revised Payment Services Act, according to Nikkei. The
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