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Proposed Legal and Regulatory Framework for Stablecoins

On March 4,2022, the Financial Services Agency of Japan submitted a bill, amending the Payment Services Act and other laws relating to electronic payments, to the National Diet of Japan. The provisions under this amendment bill include a new regulatory framework for stablecoins overseas, and associated issues such as protection of users. If the bill […]

Contributed by Atsumi & Sakai

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