Will Japan’s Easing Of Stablecoin Regulations Boost Cryptocurrency Trading, International Remittances?

The Japanese government is reviewing significant cryptocurrency regulations related to the use of stablecoins like Tether (CRYPTO: USDT) and USD Coin (CRYPTO: USDC), according to a report. Japan’s Financial Services Agency will end its ban on the domestic circulation of foreign-issued stablecoins in 2023, allowing local exchanges to handle stablecoin trade under the conditions of asset preservation through deposits and a maximum remittance limit, local news outlet Nikkei reported.