The Financial Services Agency of Japan released the financial policy guidelines for the 2023 fiscal year, promoting the establishment of a registration review system for the issuance and circulation of stablecoins

ChainCatcher News: The Financial Services Agency of Japan has announced its financial policy guidelines for the 2023 fiscal year (from July 2023 to June 2024), which mention the promotion of digital development and initiatives for advancing Web3, including the implementation of measures for digital currencies and crypto assets. This includes the promotion of a registration review system to support the smooth issuance and circulation of stablecoins, as well as encouraging the establishment of self-regulatory organizations.