Today news
About the same in other media
22.12 - 20:43
21.12 - 14:04
Japanese Regulator Eyes Stablecoin, Wallet Provider Regulations in 2022
Reading now: 477
Japan’s top financial regulator will block firms outside the world of conventional finance from issuing fiat-pegged stablecoins, a leading media outlet has claimed.
Per reports in both Japanese and English from Nikkei, the Financial Services Agency (FSA), the government organ that oversees the financial industry and the crypto sector, is looking “to propose legislation in 2022 to restrict [the] issuance of stablecoins to banks and wire transfer companies.”
The FSA has been given something of a free hand to regulate the crypto industry, and all of its requests for legislative powers thus far have been granted without question by the government, with MPs willing to oblige in parliament.
The media outlet said it had “learned” of the FSA’s
Read more on cryptonews.comAbout this in other media
What will 2022 hold for crypto regulation? fnlondon.com /2 years ago
Takeover regulator extends deadline for offers on River & Mercantile, firm says fnlondon.com /2 years ago
Kempen’s UK boss on the future of fiduciary management amid regulatory disruption fnlondon.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
