Japan Tether (USDT) & USDC Circulation Ban: Lift Expected in 2025, Not 2023
Confused about the potential lifting of a ban on stablecoins like Tether (USDT) and USD Coin (USDC) in Japan? Many reports initially suggested a 2023 timeframe. However, the latest information points to a lifting of restrictions in 2025.
Recent reports from sources like Nikkei and Coinpost clarify that Japan's Financial Services Agency (FSA) is planning to permit the domestic distribution of foreign stablecoins, including USD Coin (USDC) and potentially Tether (USDT), in 2025. According to coinpost, in 2025, the Japanese Financial Services Agency may lift the ban on the circulation of stablecoins issued overseas (such as USDC USDT, etc.) in Japan. The English version of a recent report from CoinsPaid stated,“In 2025, the Financial Services Agency will lift the ban on domestic distribution of stablecoins issued.
Japan's New Stablecoin Regulations: What to Expect
Japan’s new regulations, allowing investors to trade using stablecoins like Tether (USDT), are expected to be adopted no later than June 2025, according to a local. This marks a significant shift in Japan's approach to digital assets. Japan’s Financial Service Agency (FSA) will lift the ban on the local distribution of foreign stablecoins like USD Coin (USDC) in 2025, Nikkei reported on Dec. 26.
The FSA is working on lifting the ban on the domestic distribution of stablecoins. While the details are still emerging, these regulations aim to balance innovation and consumer protection within the cryptocurrency market.
Impact on Japanese Crypto Exchanges
La nueva medida afectará significativamente a los servicios de negociación de criptomonedas ofrecidos en Japón, puesto que actualmente ningún exchange local ofrece. The introduction of stablecoins will likely revitalize the crypto trading landscape in Japan. The lifting of the ban means that exchanges will eventually be able to offer trading pairs involving USDC, USDT, and other compliant stablecoins. It is anticipated that Japan’s new regulations allowing investors to trade using stablecoins will stimulate the market
In summary: The ban on foreign stablecoins like USDC and potentially USDT in Japan is expected to be lifted in 2025, not 2023, according to recent reports.