According to the Financial Services Agency of Japan (FSA), under the current law, stable currencies are not considered as crypto currencies. With the increasing popularity of crypto currencies, the Japanese organizer said:
"In principle, stable currencies linked to legal currency currencies are not included in the crypto currency category under the Payment Services Act"
Japan's Financial Supervisory Authority has also indicated the requirements for companies looking to issue stable currencies, noting that due to their stable characteristics, it is not necessarily appropriate to suggest what companies need to obtain or register before issuing stable currencies.
Japan has recently announced that it has allowed the self-regulation of the dcrypto currency sector, which allows the Japan crypto Currency Exchange Association to operate under the laws of this sector. In addition, the Financial Services Authority (FSA) is looking to impose limits on the amount of funds that investors can borrow in exchange for margin trading in crypto currencies.