Japan to Propose Restricting Stablecoin Issuers to Banks and Wire Transfer Companies

Japan’s top financial regulator, the Financial Services Agency (FSA), is reportedly planning to propose legislation to restrict stablecoin issuance to banks and wire transfer companies. Crypto service providers involved in stablecoin transactions, including wallets, will also be brought under the financial regulator’s oversight. Japan to Tighten Stablecoin Regulation Japan’s Financial Services Agency (FSA) is planning … Read moreJapan to Propose Restricting Stablecoin Issuers to Banks and Wire Transfer Companies

Chinese Citizens Use Cryptocurrency to Move Funds to Japan

While the Chinese government continues to battle against cryptocurrencies, discoveries are being made of how citizens of the country use the technology to achieve their personal goals. One of such uses is in capital flight, which has seen Chinese investors use cryptocurrencies to send money abroad, especially to neighboring Japan. This time around, the discovery … Read moreChinese Citizens Use Cryptocurrency to Move Funds to Japan