By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sign In
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
  • Home
  • News
    • Cryptopedia
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • Altcoin News
    • Latest Metaverse & NFT News
      • Metaverse & NFT Games
      • Virtual Land
    • Exchanges News
    • Policy & Regulation
  • NFT Collection
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
    • Opinion
  • Web Stories
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
  • Videos
  • Events
    • Metaverse Events
Search
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit Press Release
  • Submit NFT Project
© 2022 NFTStudio24.com News Network. All Rights Reserved.
Reading: Japan uplifts ban on foreign stablecoins, more regulations on money laundering
Share
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
Search
  • Home
  • News
    • Cryptopedia
    • Latest Metaverse & NFT News
    • Exchanges News
    • Policy & Regulation
  • NFT Collection
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
    • Opinion
  • Web Stories
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
  • Videos
  • Events
    • Metaverse Events
Have an existing account? Sign In
Follow US
  • About us
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit NFT Project
  • Careers
  • Contact us
  • Privacy Policy
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
HOME > News > CRYPTOPEDIA > Japan uplifts ban on foreign stablecoins, more regulations on money laundering
CRYPTOPEDIANews

Japan uplifts ban on foreign stablecoins, more regulations on money laundering

news room
Posted news room December 28, 2022 103 Views 2 Min Read
Updated 2023/01/25 at 9:22 PM
Japan uplifts ban on foreign stablecoins more regulations on money laundering
SHARE

The Financial Services Agency of Japan (FSA) has announced it will be lifting the ban on international stablecoins in 2023 and also revealed stricter rules to track down money laundering cases via digital assets, Nikkei reports.

japan uplift

Looks like Japan is ready to accept the stablecoins in its domestic market as local exchanges will allow trading under the agreement to have a maximum upper limit of remittance and preservation of assets via deposits.

“If payment using stablecoins spreads, international remittances may become faster and cheaper.”

To control white-collar crimes through stablecoins, Japanese regulators will also come up with strong regulations against money laundering. FSA took feedback proposals on its announcement of lifting the ban on stablecoins.

As mass adoption of cryptocurrency and NFTs continue in the country, the regulators are trying their best to benefit its users while also regulating the system.

Japan is among the few countries that are focused on controlling digital assets so that it doesn’t backlash against the traditional economy and also protects its citizens from financial crises.

The trust in stablecoins was lost after the UST coin of Terra ecosystem collapsed and cost a million-dollar loss. Many experts believe it might be hard for authorities and banks to accept stablecoins but it seems like Japan is ready to lift its ban and accept it as long as it’s highly regulated.

TAGGED: Financial Services Agency of Japan, money laundering

Sign Up For Daily NFT Drops

Don't miss the next NFT drops!!!
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
news room December 28, 2022
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article HSBC and Fidelity file for NFT and Metaverse trademarks 1 HSBC and Fidelity file for NFT and Metaverse trademarks
Next Article DeGods and Y00ts announce a shift from the Solana blockchain DeGods and Y00ts announce a shift from the Solana blockchain
Leave a comment

Leave a Reply

You must be logged in to post a comment.

Don’t miss the NFT Drops! Sign up Now

I have read and agree to the terms & conditions

Latest News

Premier League to unveil NFT trading cards with Sorare 2
Premier League to unveil NFT trading cards with Sorare 
LATEST NFT NEWS & METAVERSE News February 1, 2023
Ordinals Protocol jolts controversy over Bitcoin NFTs 1
Ordinals Protocol jolts controversy over Bitcoin NFTs
LATEST NFT NEWS & METAVERSE News February 1, 2023
maxresdefault 1
Metaverse is the Web3’s killer app: Interview with Barn & Edward
INTERVIEW February 1, 2023
Join us
Ad imageAd image

You Might also Like

Premier League to unveil NFT trading cards with Sorare 2
LATEST NFT NEWS & METAVERSENews

Premier League to unveil NFT trading cards with Sorare 

February 1, 2023
Ordinals Protocol jolts controversy over Bitcoin NFTs 1
LATEST NFT NEWS & METAVERSENews

Ordinals Protocol jolts controversy over Bitcoin NFTs

February 1, 2023
Amazon embraces NFTs new games initiatives coming soon
LATEST NFT NEWS & METAVERSENews

Amazon embraces NFTs, new games & initiatives coming soon

January 31, 2023
SEC rejects Ark and 21Shares Bitcoin ETF Proposal again
LATEST NFT NEWS & METAVERSENews

SEC rejects Ark and 21Shares’ Bitcoin ETF Proposal again

January 31, 2023
//

NFTStudio24 delivers the latest NFT news to its global audience. We are committed to reporting mainstream and emerging talent via exclusive press releases, podcast interviews, NFT rankings, and much more.

GET IN TOUCH

  • About us
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit NFT Project
  • Careers
  • Contact us
  • Privacy Policy

Experts Alliance

  • Experts Alliance
  • About Alliance
  • Alliance Benefits
  • Membership requirements
  • Apply Alliance
//

Subscribe to our newsletter to get our newest articles instantly!

I have read and agree to the terms & conditions
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
Follow US

© 2022 NFTStudio24.com News Network. All Rights Reserved.

Removed from reading list

Undo
Join us metaverse Join us metaverse
Welcome Back!

Sign in to your account

Register Lost your password?