Japan is acting to limit the number of issuers of cryptocurrencies like Tether, which are backed by such reserve assets as the dollar or the yen, joining the U.S. in moving toward tougher restrictions on a growing segment of finance, Nikkei has learned.

The Financial Services Agency seeks to propose legislation in 2022 to restrict issuance of stablecoins to banks and wire transfer companies.

A new digital currency backed by bank deposits is on track for launch in Japan as early as 2022, an effort that will involve the nation’s top banks and about 70 other companies and organizations.

This is the point I guess! They want to start controlling the Japaneses market/people with their own completel centralized stablecoin/crypto!