Japan's FSA Study Group Discusses DeFi Regulation and Gatekeeper Responsibility

According to CoinPost, the Financial Services Agency (FSA) of Japan released a summary of the proceedings of the first meeting of the 'Study Group on Responses to Digital and Decentralized Finance, etc.' held on October 20. Regarding DEXs (decentralized exchanges) and DeFi (decentralized finance), committee members said Japan should respond promptly to avoid becoming a 'haven for regulatory vacuums or regulatory arbitrage.' The meeting also discussed stablecoins, tokenized deposits, the risk that large-scale redemptions of electronic payment instruments could trigger massive sell-offs of government bonds, and who would assume the gatekeeper role traditionally performed by traditional financial institutions.

Source: TechFlow