The Financial Services Agency published the summary of discussions from the first meeting of the 'Study Group on Approaches to Digital and Decentralized Finance' held on October 20. Regarding DEX (Decentralized Exchanges) and DeFi (Decentralized Finance), members expressed the need for timely measures to ensure Japan does not become a 'regulatory void or arbitrage venue.'
The study group aims to develop an environment for 'on-chain finance' based on blockchain, focusing on tokenization and stableco...