PING+18.78%
METEORA-2.60%
ETH+0.62%
BTC+0.56%
XRP+3.86%
SOL+0.46%
UCN+0.68%
COAI-63.17%PING+18.78%METEORA-2.60%ETH+0.62%BTC+0.56%XRP+3.86%SOL+0.46%UCN+0.68%COAI-63.17%PING+18.78%METEORA-2.60%ETH+0.62%BTC+0.56%XRP+3.86%SOL+0.46%UCN+0.68%COAI-63.17%PING+18.78%METEORA-2.60%ETH+0.62%BTC+0.56%XRP+3.86%SOL+0.46%UCN+0.68%COAI-63.17%
Thisanka Siripala
18h fa
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.
