Japan to Adopt New Stablecoin Regulations Japan's Financial #Services Agency ( #FSA) is trying to legalise #stablecoin distribution. New 2023 legislation enable stablecoins like Tether (USDT

#FSA noted that the law enforcement #deadline is set for early June.

#Japan’s #FSA expects to allow certain #stablecoins by June 2023

Per Nordkvist, deputy head of the Swedish Financial Supervisory Authority’s banks #division, told #Reuters that the #FSA

This move will be the beginning of an eventual shift of oversight from the Commodity Futures Trading Regulatory Agency of Indonesia to the Financial Services Authority (#FSA) #tmac

Didid Noordiatmoko, the acting head of Bappebti, indicated that the regulatory power over cryptocurrencies will move to the #FSA by 2024, and the Indonesian exchange will be operational by that time #tmac

Indonesia announced its plans to establish a national crypto exchange in 2023 and place #crypto under regulatory review by the Financial Services Authority #FSA #tmac

The FSA and Japan’s Finance Ministry previously warned crypto firms against processing transactions involving sanctioned individuals or entities, subject to fines or imprisonment.

#FSA #crypto #news