Japanese officials are reevaluating some important cryptocurrency regulations pertaining to the usage of stablecoins like Tether (USDT) or USD Coin. According to the local news outlet Nikkei, Japan’s FSA will end its restriction on the domestic circulation of foreign-issued stablecoins in 2023. Japan’s FSA to Remove Ban on Stablecoins Under the new stablecoin guidelines in Japan, local exchanges will be permitted to conduct stablecoin trade as long as deposits are made to protect assets and there is a maximum remittance amount. The paper states that International remittances could become more efficient and affordable if payment with stablecoins expands. The FSA The post Japan’s FSA is Considering Lifting the Ban on Foreign Issued Stablecoins appeared first on Cryptoknowmics-Crypto News and Media Platform .
