Techub News said Japan’s Financial Services Agency plans to include a proposal in its upcoming tax reform request that would ease trust-based regulation for yen stablecoins. The move is intended to simplify transaction procedures and support circulation. The report also said the personal trading cap could be relaxed to above the current de facto 1 million yen limit. Nikkei reported the news on Aug. 24, and the FSA’s tax reform request has not been formally released yet.
Japan’s Financial Services Agency is planning to propose looser trust-based regulation for yen stablecoins in its upcoming tax reform request, according to Techub News.
The move is aimed at simplifying transaction procedures and supporting circulation. It could also raise the cap on individual transactions, allowing it to exceed the current de facto 1 million yen limit.
Nikkei reported the news on Aug. 24. The FSA’s tax reform request has not yet been formally released. (CoinPost)
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