The Financial Services Agency (FSA) of Japan will reportedly lift the ban on the domestic distribution of foreign stablecoins next year, which will allow the local exchange to handle stablecoin trading provided that there is upper limit of remittance and assets preservation by deposits. The FSA said that removal of such restriction will require more regulations on Anti-Money Laundering controls. None of the local crypto exchanges registered with the FSA is currently handling trading in stablecoin as of 30 November 2022.