Japan's cryptocurrency industry will launch "self-regulation for stablecoins."

ChainCatcher news, Japan's largest cryptocurrency exchange and blockchain company alliance announced that it will begin "self-regulation" for stablecoins.
The organization is called the Japan Virtual Currency Exchange Association (JVCEA). The association has already been regulating Japan's cryptocurrency exchange industry and is responsible for handling issues such as token listing agreements. The role of the association has been formally established by Japan's top financial regulator, the Financial Services Agency (FSA).