PANews reported on May 19th that, according to CoinPost, Japan's Financial Services Agency (FSA) announced an amendment to the Cabinet Office Ordinance, formally recognizing foreign trust beneficiary rights as having "equivalence" to Japan's electronic settlement system as electronic settlement methods under the Payment Services Act. The amendment will take effect on June 1st. This revision clarifies two points: first, it establishes a legal basis for providing services to eligible foreign trust-type stablecoins within Japan; second, it stipulates that when dealing with foreign electronic settlement methods, trading operators should use equivalence to the Japanese system as the eligibility criterion. Simultaneously, related foreign trust beneficiary rights will be excluded from the category of securities under the Financial Instruments and Exchange Act and will be regulated solely as electronic settlement methods.

Earlier today, it was reported that Japan's Liberal Democratic Party formally approved the "AI + Blockchain Finance" proposal, supporting yen stablecoins and tokenized deposits .