Security Token
Japan: The Cautious Regulator Who Moved Fastest on Stablecoins
Japan's digital asset policy — Financial Instruments and Exchange Act amendments, Payment Services Act stablecoin law, JFSA's risk-averse approach, and the government's web3 promotion strategy.
Japan's Security Token Regulation: Electronic Record Transfer Rights Under FIEA
Japan's Financial Instruments and Exchange Act was amended to create 'electronic record transfer rights' — a legal framework for security tokens that enables institutional tokenization within Japan's rigorous financial regulatory system.