Japan’s Financial Services Agency just said “OK, Boomer” to crypto regs, and stablecoins are like “Let’s get this party started!” 🎉
According to CoinPost, the FSA’s been reading the room and approved a report that’s like “Hey, let’s chill on these crypto rules, mmkay?”
These proposed changes are like a spa day for the Trust Business Act and the Payment Services Act. Crypto’s still a digital payment tool, but now it’s a tool with a vacation vibe. 🏖️
Stablecoins are about to get a glow-up with the option to be backed by government bonds and fixed-term deposits. Because who doesn’t love a little extra security with their crypto? 💼
The working group’s all, “Let’s help issuers find that sweet spot between ‘convenient’ and ‘not getting robbed blind.'” 🎯
And for those crypto middlemen? The proposal’s like, “Hey, let’s not make you jump through the same hoops as the big boys, okay?” 🤝
Now, crypto brokerages can chill and just apply for a virtual asset service provider license, no big deal. This move’s supposed to make Japan’s crypto scene a bit more of a “come one, come all” kind of party. 🎉
The FSA’s also like, “Let’s reclassify crypto as financial products, because it’s 2025 and we’re cool like that.” The big reveal’s coming in June, so stay tuned! 📅
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2025-02-20 12:24