Tag: regulation for stablecoin

Japan's Financial Services Agency (FSA) plans to tighten regulation of stablecoins by imposing strict rules on its issuers.The Financial Services Agency (FSA) added that the FSA will also strengthen regulations related to the prevention of money laundering, and pointed out that crypto service providers involved in stablecoin transactions, including wallets, will also be subject to supervision by financial regulators.In addition, stablecoin issuers will be required to comply with Japan’s laws on preventing the transfer of criminal proceeds. This includes verifying user identities and reporting suspicious transactions.At the time of...