Stablecoin issuers will have to abide by tough rules. Stablecoins must be pegged to the yen or other legal tender and guarantee holders the right to redeem them at face value. Only licensed financial institutions like licensed banks, registered money transfer agents and trust companies will be able to issue stablecoins.

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• Source: https://www.coindesk.com/business/2023/07/06/circle-considers-issuing-stablecoin-in-japan-under-new-rules/?utm_medium=referral&utm_source=rss&utm_campaign=headlines