Japan's Largest Crypto Exchange Alliance To Self-Regulate Stablecoins

According to PANews, Japan's largest cryptocurrency exchange and blockchain company alliance has announced plans to begin self-regulating stablecoins. The organization, known as the Japan Virtual Currency Exchange Association (JVCEA), already oversees the country's cryptocurrency exchange industry and handles matters such as token listing agreements. The role of the JVCEA has been officially recognized by Japan's top financial regulatory body, the Financial Services Agency (FSA).