Japan’s FSA Expects To Enable Obvious Stablecoins By June 2023

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Japan’s new regulations allowing merchants to substitute using stablecoins fancy Tether (USDT) are expected to be adopted no later than in June 2023, in line with a local monetary authority.

The Financial Services Company (FSA) of Japan is engaged on lifting the ban on the home distribution of stablecoins, planning to enable obvious stablecoins later this year.

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