Japanese Regulator Likely to Create New DeFi, NFT & CBDC Regulations Japanâs top financial regulator, the Financial Services Agency (FSA), could be set to introduce new laws to police decentralized finance (DeFi)-related projects operating in the nation â with non-fungible tokens (NFTs) also potentially in the firing line. The FSA issued an official announcement stating that it would launch a âstudy groupâ that would look at ways âto deal with digital and decentralized finance and other matters.â The group, the agency added, would also look at ways to deal with the digitization of remittance systems and digital securities-related items. The FSA added that it would look at cryptoasset-related policy, as well as matters pertaining to central bank digital currencies (CBDC) and NFTs. The former has become a pressing issue in the public and private sector alike, with the central