How Japan is leading the race to regulate stablecoins with a new law that took effect in June 2023 and includes terms to protect the assets backing stablecoins (Emily Parker/CoinDesk)

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Emily Parker / CoinDesk:
How Japan is leading the race to regulate stablecoins with a new law that took effect in June 2023 and includes terms to protect the assets backing stablecoins  —  Japan's new law tries to address one of the biggest fears about major stablecoins: Do issuers really have the assets to back them?

from Techmeme https://ift.tt/oBFM19W