Japan's financial regulators may propose legislation in 2022 restricting stablecoin issuance

Japan's financial regulators are considering proposing legislation in 2022 to restrict stablecoin issuance, aligning with the Bank of Japan's plan to introduce a digital yen CBDC by the end of next year.

Summary

The move comes as the Bank of Japan wants to roll out a digital yen CBDC by the end of next year.

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