Japan's financial regulator seeks public comments on draft rules for eligible bonds in stablecoin reserves
According to ChainCatcher, The Block reports that Japan's Financial Services Agency (FSA) has opened a public consultation period to seek opinions on draft rules regarding eligible bond types for stablecoin collateral, with the deadline set for February 27, 2026.
This move aims to implement the 2025 Payment Services Act by defining the "specified trust beneficiary rights" held in reserve by issuers. The FSA stated that the finalized standards will specify the asset composition for all regulated, yen-pegged stablecoins issued within this jurisdiction.
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