# Japan’s financial regulators may propose legislation in 2022 restricting stablecoin issuance

# Japan’s financial regulators may propose legislation in 2022 restricting stablecoin issuance

“# Japan’s financial regulators may propose legislation in 2022 restricting stablecoin issuance ” According to The Nihon Keizai Shimbun (Nikkei), one of the world’s largest financial newspapers and the entity behind the Nikkei 225 stock index, Japan’s Financial Services Agency, or FSA, will propose legislation next year restricting stablecoin issuance to only bank and wire…

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# Bank of International Settlement calls the rise of decentralized finance ‘an illusion’ in latest quarterly review

# Bank of International Settlement calls the rise of decentralized finance ‘an illusion’ in latest quarterly review

“# Bank of International Settlement calls the rise of decentralized finance ‘an illusion’ in latest quarterly review ” On Monday, the Bank of International Settlement, or BIS, a financial institution owned by central banks worldwide, published a report scrutinizing the development of the decentralized finance, or DeFi, industry. The article opened by saying, “There is…

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# Fed’s Quarles says regulators should show ‘constraint’ on stablecoins to avoid hampering innovation

# Fed’s Quarles says regulators should show ‘constraint’ on stablecoins to avoid hampering innovation

“# Fed’s Quarles says regulators should show ‘constraint’ on stablecoins to avoid hampering innovation ” Speaking publicly for the last time as a member of the Board of Governors of the Federal Reserve System, Randal Quarles urged regulators to exercise restraint on stablecoins. In a prepared statement for his speech at the American Enterprise Institute…

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