Japan is Planning to Lift its Ban on Foreign Stablecoins in 2023
  • According to local news outlets, Japanese officials are considering eliminating the ban on crypto restrictions connected to international stablecoins such as USD Coin and Tether in 2023.
  • As per news agency Nikkei, Japan’s Financial Services Agency (FSA) will examine key cryptocurrency restrictions relating to the distribution of foreign-issued stablecoins in 2023.
  • In June 2022, Japan’s parliament passed legislation prohibiting non-banking institutions from issuing stablecoins.
  • Japan decided to relax the prohibition on stablecoin issuance just a few days after the country issued another piece of very encouraging cryptocurrency news.

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Mridul Srivastava

By Mridul Srivastava

Mridul is an MBA pursuing a content writing career. He is a dedicated, detail-oriented freelance writer with over 2 years of experience and knowledge in the fields of Web3, blockchain, cryptocurrency, and NFTs. He is skilled in producing long and short content per the guidelines and client requirements for maximum search engine optimization.