Japan Financial Services Agency Research Committee Discusses DeFi Regulation and Gatekeeper Attribution

According to CoinPost, the Japan Financial Services Agency released the minutes from the first meeting of the "Research Panel on Responses to Digital and Decentralized Finance," convened on October 20. Regarding DEXs (decentralized exchanges) and DeFi (decentralized finance), members emphasized that Japan must respond promptly to avoid becoming a jurisdiction with regulatory gaps or a haven for regulatory arbitrage. The meeting also discussed stablecoins, tokenized deposits, the risk that large-scale redemptions through electronic payment methods could trigger a massive sell-off of government bonds, and the question of who will assume the gatekeeper role previously held by traditional financial institutions.