{"id":12566,"date":"2022-06-04T05:11:06","date_gmt":"2022-06-04T05:11:06","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/japan-passes-historic-stablecoin-bill-for-investor-protection\/"},"modified":"2022-06-04T05:11:06","modified_gmt":"2022-06-04T05:11:06","slug":"japan-passes-historic-stablecoin-bill-for-investor-protection","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/japan-passes-historic-stablecoin-bill-for-investor-protection\/","title":{"rendered":"Japan Passes Historic Stablecoin Bill for Investor Protection"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Providing a safety net for investors, Japan\u2019s parliament on Friday passed a legal framework around\u00a0stablecoins.<\/p>\n<p>The monumental move comes in the wake of last month\u2019s <a href=\"https:\/\/igaming.org\/crypto\/terra-blockchain-resumes-after-halt-biding-time\/\">terraUSD<\/a> collapse.<\/p>\n<p>Drafted by Japan\u2019s Financial Services Agency (FSA), the bill was initiated\u00a0in late 2021, then accepted by the House in March this year and now passed the House of Councilors plenary session by a majority voting in favor.<\/p>\n<p>The legislation clarifies the definition of stablecoins, which is now considered as digital money in Japan. It therefore must be linked to the yen or another legal tender, to guarantee holders the right to redeem them at face value.<\/p>\n<p>With the law coming into effect within a year\u2019s time, Japan is now the first major economy to pass such a law specific to stablecoins.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/japan-passes-historic-stablecoin-bill-for-investor-protection\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Providing a safety net for investors, Japan\u2019s parliament on Friday passed a legal framework around\u00a0stablecoins. The monumental move comes in the wake of last month\u2019s terraUSD collapse. Drafted by Japan\u2019s Financial Services Agency (FSA), the bill was initiated\u00a0in late 2021, then accepted by the House in [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":12567,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/12566"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=12566"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/12566\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/12567"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=12566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=12566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=12566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}