Japan plans to ease stablecoin regulation to facilitate large-value payments

TechFlow reports, on August 25, according to The Nikkei, the Japanese Financial Services Agency plans to relax regulatory restrictions on stablecoins issued by trust banks, paving the way for individuals to conduct stablecoin transactions exceeding 1 million yen, and intends to incorporate relevant provisions into upcoming tax reform proposals. If implemented, stablecoins could be further utilized in high-value purchase scenarios such as automobiles and housing, signaling that Japan's stablecoin applications are expanding from small payments to larger settlement amounts.