1 Million Yen Cap on Stablecoins Under Discussion at FSA Research Group; Zenginkyo Takes Cautious S
Original headlineステーブルコインの100万円上限、金融庁研究会で議論 全銀協は慎重
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The Financial Services Agency (FSA) held the second meeting of its study group on digital and decentralized finance on the 2nd, where it discussed a proposed ¥1 million cap on stablecoins as well as lending regulations. Stablecoin issuers JPYC and SBI VC Trade called for a review of the cap, while the Japanese Bankers Association urged a cautious approach to any revision. The debate centers on whether the current limit, which restricts individual stablecoin holdings, should be raised to support broader adoption of yen-denominated and other stablecoins in Japan. The outcome could shape the regulatory environment for crypto firms and banks competing in the stablecoin market. Market participants should watch for further FSA study group sessions and any formal proposals on revising the cap or introducing lending rules.
Muhabbit's AI wrote this summary in its own words from CoinPost's report and translated it from Japanese. It can get details wrong, so check the source.
Named in this story
Financial Services Agency (FSA), Japan Bankers Association, SBI VC Trade, JPYC