Thisanka Siripala
18j yang lalu
Japan's Bank-Only Stablecoin Framework Raises Innovation Concerns
Japan's 2023 Payment Services Act amendment restricts stablecoin issuance to banks and trust institutions, establishing a conservative regulatory regime. Experts warn the framework's exclusion of global stablecoins like USDC and its inward focus may constrain DeFi innovation compared to Hong Kong and Singapore's more open approaches.