X @Orbs

Regulatory Landscape - Japan is positioning itself for widespread crypto adoption through a series of regulatory actions [1] - The Japanese Cabinet has permitted stablecoins to be backed by a wider range of low-risk assets [2] - The FSA (Financial Services Agency) is considering classifying crypto as a financial product under the FIEA (Financial Instruments and Exchange Act) [2] - The FSA is expected to approve yen-pegged stablecoins for the first time, potentially involving money transfer licenses [2] Stablecoin Developments - Yen-pegged stablecoins are anticipated to be approved, with JPY Coin mentioned as an example [2]