Japan will lift bans on foreign stable coins like USDT

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Japanese regulators are considering reversing some of the major restrictions placed on the digital asset industry.

Specifically, the ban on domestic distribution of foreign-issued stable coins such as USDT and USDC may be lifted next year.

Japan’s Financial Services Agency (FSA) has stated that it will require additional regulations related to anti-money laundering supervision to lift the ban on domestic distribution of stable coins.

The new stable coin regulations are expected to allow local exchanges to handle trading in stable coins under the condition of asset preservation by deposits and an upper transfer limit.

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Date:16/02/2023
Date:16/02/2023
Date:16/02/2023

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