The Financial Services Agency (FSA) of Japan is all set to follow the US regulator’s footsteps in strengthening regulatory oversight for Stablecoins. As per the reports, the FSA has declared the updated restrictions on Stablecoins issuance in the nation, stating that only banks and wire transfer services will now be able to issue stablecoins. Japan aims to ascertain the economy’s stability by preventing mass liquidation amid fear that the issuer of the currency going bankrupt