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Japanese financial regulators seek public comments on draft rules for stablecoin reserve qualified bonds
Mars Finance reports that, according to The Block, the Japanese Financial Services Agency (FSA) has opened a public consultation period to solicit opinions on draft rules regarding the eligible bond types for stablecoin collateral, with a deadline of February 27, 2026. This move aims to implement the 2025 Payment Services Act by defining the “specific trust beneficial interests” held by issuers’ reserves. The FSA stated that the final standards will specify the asset composition of all regulated, JPY-pegged stablecoins issued within the jurisdiction.