$BTC
Holy shit, guys.
Japan’s Financial Services Agency is starting to seriously study on-chain finance.
Stablecoins may not just be for trading crypto in the future—
they could also be used to distribute subsidies?
Guys,
don’t see the words “Financial Services Agency”
and assume they’re gonna come regulate crypto again.
What Japan’s FSA has released this time
is the minutes from the first meeting of its On-Chain Finance Forum for the AI era.
There’s a pretty interesting idea in there:
studying whether stablecoins and tokenized deposits could be used to distribute some government subsidies.
What does it mean to use on-chain finance to distribute subsidies?
For example, childcare benefits or food purchase subsidies
could theoretically be set up with spending restrictions in the future,
so the money circulates in the market according to rules set in advance.
This might actually be a solution.
In the past, whenever people talked about stablecoins,
they only had one thing in mind:
buying USDT, trading crypto, and making transfers.
But now governments and financial institutions are starting to seriously study these things
and realizing there are actually plenty of ways they can be used, with all kinds of applications.
Stablecoins will probably be used more and more widely in Japan in the future.
That said,
this isn’t an implemented plan yet—it’s just a research direction.
Still,
this is definitely good news for regulatory compliance.
After all, the clearer the rules,
the easier it is for institutional capital to come in.
In the long run, it’s positive for compliant stablecoins and institutional business.
It doesn’t have much of an impact on Bitcoin, though.
It won’t affect the price trend.
Bitcoin has currently
rallied to 82,500.
Let’s see if it can hold there.
Personally, I don’t think the drop is over yet.
I’m still watching 76,000 below.
#日本金融厅发布链上金融纪要
Holy shit, guys.
Japan’s Financial Services Agency is starting to seriously study on-chain finance.
Stablecoins may not just be for trading crypto in the future—
they could also be used to distribute subsidies?
Guys,
don’t see the words “Financial Services Agency”
and assume they’re gonna come regulate crypto again.
What Japan’s FSA has released this time
is the minutes from the first meeting of its On-Chain Finance Forum for the AI era.
There’s a pretty interesting idea in there:
studying whether stablecoins and tokenized deposits could be used to distribute some government subsidies.
What does it mean to use on-chain finance to distribute subsidies?
For example, childcare benefits or food purchase subsidies
could theoretically be set up with spending restrictions in the future,
so the money circulates in the market according to rules set in advance.
This might actually be a solution.
In the past, whenever people talked about stablecoins,
they only had one thing in mind:
buying USDT, trading crypto, and making transfers.
But now governments and financial institutions are starting to seriously study these things
and realizing there are actually plenty of ways they can be used, with all kinds of applications.
Stablecoins will probably be used more and more widely in Japan in the future.
That said,
this isn’t an implemented plan yet—it’s just a research direction.
Still,
this is definitely good news for regulatory compliance.
After all, the clearer the rules,
the easier it is for institutional capital to come in.
In the long run, it’s positive for compliant stablecoins and institutional business.
It doesn’t have much of an impact on Bitcoin, though.
It won’t affect the price trend.
Bitcoin has currently
rallied to 82,500.
Let’s see if it can hold there.
Personally, I don’t think the drop is over yet.
I’m still watching 76,000 below.
#日本金融厅发布链上金融纪要