The use of stablecoins such as Tether (USDT) or USD Coin is now subject to regulations under review by Japanese officials.
In 2023, the Japanese Financial Services Agency (FSA) will lift the ban on the domestic distribution of stablecoins issued by foreign governments.
Under Japan’s new stablecoin regulations, local exchanges will be allowed to trade stablecoins, provided the assets are held through deposits and there is a maximum remittance limit
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