CoinEdition
Published Jan 25, 2023 03:05AM ET
Updated Jan 25, 2023 03:30AM ET
Japan’s FSA Lifts Ban on Stablecoins; New Regulations from June
As per the reports of a local financial authority, the Financial Services Agency (FSA) of Japan announced that the new regulations on crypto would be implemented from June 2023, permitting domestic investors to trade certain stablecoins including Tether (USDT).
On December 26, 2022, a local news agency Nikkei reported that Japan’s FSA has already taken initiative to lift the ban on the domestic distribution of foreign-issued stablecoins in 2023. Accordingly, “the international remittances may become faster and cheaper” if the stablecoin payments spread.
Previously, in June 2022, Japan’s Parliament issued a bill restricting stablecoin trade in the country, especially to ban the issuance of stablecoins by non-banking institutions. The bill stated that the issuance of stablecoins was limited to licensed banks only.
The post Japan’s FSA Lifts Ban on Stablecoins; New Regulations from June appeared first on Coin Edition.
See original on CoinEdition
Written By: CoinEdition
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.