The Financial Services Agency of Japan officially includes foreign trust-type stablecoins in the regulatory framework for electronic settlement methods, with the amendment taking effect on June 1
According to CoinPost, the Financial Services Agency of Japan announced a cabinet order amendment, officially recognizing foreign trust beneficiary rights that are "equivalent" to Japan's electronic settlement system as electronic settlement methods under the Fund Settlement Act. The amendment will take effect on June 1.
This revision clarifies: first, it establishes a legal basis for qualified foreign trust-based stablecoins to provide services within Japan; second, it stipulates that electronic settlement method operators should use equivalence with the Japanese system as the eligibility criterion when handling foreign electronic settlement methods. At the same time, relevant foreign trust beneficiary rights will be excluded from the Financial Instruments and Exchange Act's securities and will only be regulated as electronic settlement methods.
The Liberal Democratic Party of Japan has officially approved the "AI + Blockchain Finance" proposal, supporting yen stablecoins and tokenized deposits.
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