Japan's FSA clarifies rules for handling overseas stablecoins

Japan's Financial Services Agency (FSA) today announced a revised enforcement ordinance and new guidelines to clarify the domestic handling standards for stablecoins issued overseas, Nada News reported. The new rules are set to take effect on June 1, 2026. The amendment specifies that trust-type stablecoins issued under foreign laws will be recognized as "electronic payment instruments" under the country's Payment Services Act, provided they meet certain conditions. It also clarifies that such assets will not be classified as securities under the Financial Instruments and Exchange Act. For Japanese businesses to handle foreign stablecoins, the issuer must hold a foreign license equivalent to that required in Japan, ensure collateral assets are properly managed and audited, and be supervised by a foreign regulatory authority capable of sharing information and cooperating with the FSA upon request.