Japan is among the first major economies to make clear the legal status of stablecoins Friday’s law states stablecoins must be linked to the yen or another legal tender Japan’s parliament passed a…
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The parliament of Japan has approved a draft law tailored to regulate stablecoins in the country and protect investors. The new legislation is among the first to be introduced after the recent... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]…
Stablecoins have stopped being a niche crypto product. They are scaling into systemically important payment rails, and Asian regulators are now shaping who gets to issue them and under what rules. A weekly roundup from WuBlockchain captures the acceleration: Japanese banks are preparing to issue stablecoins, Hong Kong expects to…