Financial Services Agency Publishes Report on the Healthy Development of Stablecoins, Analyzing Fraud Risks and Future Challenges

On June 30, the Financial Services Agency released a research report titled 'Analysis for the Healthy Development of Stablecoins,' conducted by Deloitte Tohmatsu Consulting LLC. The report is not an official opinion of the Financial Services Agency. It points out that as stablecoins increase their presence in the market, concerns about their misuse have also emerged. The purpose of the study was to understand the actual situation to promote their healthy development in the future. The report highlighted that stablecoins avoid the price volatility risks associated with traditional cryptocurrencies, enabling quick and low-cost transfers and payments as their main advantage...