PANews reported on November 1 that according to Cryptonews, Japan's largest cryptocurrency exchange and blockchain company alliance announced that it will begin "self-regulation" of stablecoins. The organization is called the Japan Virtual Currency Exchange Association (JVCEA). The association already regulates Japan's cryptocurrency exchange industry and is responsible for dealing with issues such as token listing agreements. The role of the association has been formally established by Japan's top financial regulator, the Financial Services Agency (FSA).