Japan's Financial Regulatory Overhaul: Crypto Assets Now Under 'FIEA' Supervision as Three Major Stablecoin Settlement Projects Advance
Japan's FSA submitted a bill to move crypto asset regulation from the Payment Services Act to the Financial Instruments and Exchange Act, enhancing investor protection. Three major settlement projects are underway, focusing on yen stablecoins, on-chain securities settlement, and interbank tokenized deposits.
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