Japan FSA seeks public input on bond standards for stablecoin reserves until February 27 2026

Japan's Financial Services Agency has launched a public consultation on draft rules specifying which bonds may be held as reserve assets for stablecoins, with the comment window running until February 27, 2026. The proposal, linked to the 2025 amendments to the Act on Fund Settlement, emphasizes high-quality, liquid instruments such as Japanese Government Bonds and introduces updated supervisory guidelines for banks, insurers, and crypto asset brokers dealing with digital assets.