Electronic Payment Instruments
Legislation · Japan
Japan's Stablecoin Act: The First Country to Legally Define 'Electronic Payment Instruments'
Japan became the first country to pass dedicated stablecoin legislation when the revised Payment Services Act took effect in June 2023 — creating a new legal category of 'electronic payment instruments' with strict issuer requirements.
Donovan Vanderbilt · February 24, 2026 · 7 min read
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