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<h2 id="header-0">Japan&#39;s FSA and Singapore&#39;s MAS Partner for Crypto Regulation</h2><p>Japan&#39;s Financial Services Authority (FSA) has partnered with Singapore&#39;s Monetary Authority (MAS) for joint regulation and pilot testing of <strong><a href="https://www.coingabbar.com/en/crypto-blogs-details/the-increasing-popularity-of-cryptocurrency-in-5-different-countries" rel="noopener noreferrer nofollow">cryptocurrency</a></strong> projects under MAS&#39;s &#34;Project Guardian.&#34; The FSA will participate as an observer to test the feasibility of digital technologies like asset tokenization and DeFi while managing financial stability and integrity risks. Notable projects include DBS Bank, JP Morgan, and SBI Digital Asset Holdings conducting transactions using tokenized government bonds. This collaboration follows the relaxation of crypto laws in Japan, with the National Tax Agency exempting token issuers from a 30% tax on unrealized capital gains.</p>

FSA and MAS Partner for Crypto Regulation and Pilot Testing

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