TechFlow News: On January 27, according to The Block, Japan’s Financial Services Agency (FSA) has opened a public consultation period to solicit feedback on draft rules defining eligible bond types for stablecoin collateral. The consultation period ends on February 27, 2026.
This move aims to implement the 2025 Payment Services Act by defining “specific trust beneficiary rights” held as issuers’ reserves. The FSA stated that the finalized standards will prescribe the asset composition of all regulated, yen-pegged stablecoins issued within this jurisdiction.
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