Remove Cryptocurrency Remove Interbank Settlement Remove Legal Framework
article thumbnail

Asia Moves to Regulate Stablecoins Amid Growing Adoption: Report

Fintech News

Government-led regulation in Japan Similarly, Japan has taken a government-driven approach to stablecoin regulation, providing a clear legal framework that distinguishes stablecoins from other crypto assets. Most recently, a new bill has been submitted to update the PSA to better regulate cryptocurrencies and payment services.