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Japan’s FSA to introduce new legislation on stablecoin issuers in 2022
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ambcrypto.comStablecoins have thrived in unregulated shadows, with tokens in circulation now worth more than $127 billion. Today, these are widely being used for transactions that resemble traditional financial products. For example, bank savings accounts, but perhaps without offering the same level of consumer protection.
Now, it is worth noting that scrutiny has been ratcheting up as stablecoins surge in popularity.
First, it was the United States to share concerns over stablecoins such as Tether. But now, unease seems to be emerging from Japan.
<p lang=«en» dir=«ltr» xml:lang=«en»>*STABLECOINS TO FACE NEW RESTRICTIONS IN JAPAN, NIKKEI SAYShttps://t.co/ePFC78efJv— *Walter Bloomberg (@DeItaone) December 6, 2021
Japan’s top banking regulator will introduce
Read more on ambcrypto.comAbout this in other media
Japan carries out first death row executions since 2019 euronews.com /2 years ago
US Treasury official beckons new stablecoin regulations cointelegraph.com /2 years ago
‘Their hands would go purple’: New York restaurants brace for second winter of outdoor dining theguardian.com /2 years ago
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