Japanese regulators have started to review and ease crypto regulations in the country. The cryptocurrency industry has been grappling in recent times and is trying to recover from FTX’s collapse, which has shaken the broader market severely.
Despite such tumultuous times, Japan has remained optimistic about crypto and has been easing the tough regulations. Japan has planned to make it easier for exchanges to list tokens in order to encourage further liberalization of the industry.
Additionally, the Financial Services Agency (FSA), which is the integrated financial regulator of Japan, has decided to put an end to the ban on the domestic distribution of foreign-issued stablecoins in the upcoming year.
This new stablecoin regulation in Japan will allow local exchanges to permit stablecoin trading such as USDT. The crypto industry’s governing body has notified its member companies about the new regulatory change, which is supposed to come into effect immediately.
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