🌐 The Japan Financial Services Agency (FSA) recently proposed new ideas for regulating stablecoins! They suggest that only trust banks should be allowed to issue stablecoins and plan to relax reserve requirements, but KYC travel rules still need to be enforced. 🤔 Additionally, the FSA is satisfied with stablecoins issued on licensed chains but is cautious about those issued on non-licensed chains. What do you think about these changes? Share your thoughts in the comments! #Blockchain #Stablecoins #JapanRegulation