Japan: Early Adopters In Crypto Regulation
Public Key
Stablecoins and Global Regulatory Challenges
This chapter explores Japan's leadership in stablecoin regulation amid global regulatory fragmentation in the crypto space. It addresses the need for harmonization of regulations, the rise of stablecoins, and the growing challenges of financial crime in the crypto ecosystem.
The Collapse of Mt. Gox put regulators around the world on notice that digital assets could no longer be ignored. There is no regulator that got that message loud and clear more than the Japan Financial Services Agency.
In today’s episode, Chengyi Ong, Head of Policy (APAC) at Chainalysis has an insightful discussion with Ryosuke Ushida (Chief FinTech Officer, Financial Services Agency of Japan) about the pioneering role their agency had in crypto regulation and how Japan was able to successfully strike a balance between innovation and risk mitigation.
Ryosuke shares the evolution of Japan's holistic digital asset strategy, involving cross-agency collaboration to seamlessly integrate regulatory and innovation goals.
He highlights stablecoin regulation, International harmonization of crypto policies and tackling security concerns stemming from cyber threats, while showcasing Japan's multifaceted approach to fintech and digital assets.
2 | Ryosuke Ushida blockchain journey and leading innovation at JFSA
4 | The fall of Mt. Gox that lead to early adoption of crypto regulations in Japan
7 | The benefits and challenges of being an early regulator in digital assets
10 | Japan's self regulation and public private partnerships to scale compliance in crypto
14 | How Japan could leverage blockchain for cross-border payments and IP transfer
19 | Prioritizing consumer and national security in the wake of large crypto hacks
24 | Japan Fintech Week: A global gathering of innovation and networking
28 | Stablecoins, AI and global regulatory and financial crime challenges in crypto
33 | Crypto Trends: Overused words, regulatory priorities and fintech aspirations
Related resources
Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.
- Website: JFSA: The Financial Services Agency is a Japanese government agency and an integrated financial regulator
- Guidance: Joint Statement on Cryptocurrency Thefts by the Democratic People’s Republic of Korea and Public-Private Collaboration
- Event: Japan Fintech Week 2025 (highlights coming soon!)
- Blog: Nobitex, Sanctions, and The $90 Million Exploit: A Window into Iran’s Largest Crypto Exchange
- Blog: The Security Risks of Stablecoins: How Hackers Exploit Centralized and Decentralized Issuers
- Announcement: Chainalysis and Aptos Foundation Partner to Increase Trust and Security
- YouTube: Chainalysis YouTube page
- Twitter: Chainalysis Twitter: Building trust in
- Chengyi Ong *host* (Head of Policy (APAC), Chainalysis)
- Ryosuke Ushida (Chief FinTech Officer, Financial Services Agency of Japan)
This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein.
Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material.
Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material.
Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company.
The AI-powered Podcast Player
