Japan passes bill to limit stablecoin issuance to banks and trust companies

2022.06.03 15:36

Japan passes bill to limit stablecoin issuance to banks and trust companies

Japan is moving forward with legislation regarding the issuance of stablecoins i.e. digital assets with their value pegged to fiat currencies or stabilized by an algorithm.

On June 3, Japan’s parliament passed a bill to ban stablecoin issuance by non-banking institutions, local news agency Nikkei reported.

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