🇯🇵 The representative of XWIN is actively engaging with Japan’s Financial Services Agency (FSA) to promote legal frameworks for DeFi.

Ensuring both innovation and user protection remain at the core of the discussion. 🔍💡

#DeFi #Web3 #CryptoRegulation #Japan #xWIN #FinancialInnovation

From early Sunday morning, we held a meeting at the DeFi Committee of the Blockchain Collaborative Consortium (BCCC). @bccc_global

Once again, we agreed on the direction that "user protection and promotion of innovation should be compatible, and it is necessary to work on both aspects." Next Tuesday, we will deliver a firm message to the Financial Services Agency.

In addition, we would like to express our sincere gratitude to all the users and business operators for their many valuable opinions. We will take responsibility for delivering the feedback we received to the Financial Services Agency and other relevant authorities.

Furthermore, regarding the tax reform currently under discussion, we will firmly convey a message based on the actual situation on the ground so that stablecoins and DeFi transactions are not excluded from the framework of the system.

Blockchain Collaborative Consortium DeFi Committee
Chairman: Fumihiro Arasawa
Vice Chairman: Noritaka Okabe @noritaka_okabe