Japan FSA to Treat Certain Foreign-Issued Trust-Based Stablecoins as Electronic Payment Instruments From June 1, 2026

Japan's Financial Services Agency (FSA) said it has revised the Cabinet Office Ordinance on Electronic Payment Instruments to bring certain foreign-law trust beneficiary rights—where the underlying legal framework is deemed equivalent to Japan's—within the definition of "electronic payment instruments" under the Fund Settlement Act, ME News reported on May 19 (UTC+8). The change establishes a legal basis for compliant circulation in Japan of specific foreign-issued, trust-based stablecoins. The revised rules take effect June 1, 2026. The ordinance also clarifies that these foreign trust beneficiary rights will not be treated as securities under the Financial Instruments and Exchange Act. (Source: ChainCatcher)