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  "raw_markdown_url": "https://finwiki.zksc.io/fintech/three-circles-stablecoin-mra-framework.md",
  "domain": "fintech",
  "title": "米国・EU・日本の stablecoin 制度比較 —— MRA は未確認、market access は個別審査",
  "entry_type": "wiki_entry",
  "frontmatter": {
    "title": "米国・EU・日本の stablecoin 制度比較 —— MRA は未確認、market access は個別審査",
    "aliases": [
      "three circles MRA",
      "US-EU-Japan stablecoin regimes",
      "stablecoin market access"
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    "type": null,
    "created": "2026-05-13",
    "last_updated": "2026-07-30",
    "last_tended": "2026-07-30",
    "review_by": "2026-10-30",
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      "stablecoin",
      "MRA",
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      "cross-border",
      "framework"
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    "status": "active",
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      "https://www.govinfo.gov/app/details/PLAW-119publ27",
      "https://www.occ.gov/news-issuances/bulletins/2026/bulletin-2026-3.html",
      "https://eur-lex.europa.eu/eli/reg/2023/1114/oj",
      "https://finance.ec.europa.eu/publications/joint-statement-eu-us-joint-financial-regulatory-forum-july-2026_en",
      "https://www.fsa.go.jp/en/news/2018/20180717.html",
      "https://www.fsa.go.jp/en/regulated/licensed/index.html",
      "https://www.fsa.go.jp/en/conference/minister/2026/20260417.html"
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  "summary": "This entry sits under fintech index. Read it with 日本 Stablecoin 法制度の三層構造, MiCA overview, and US 2025–2026 policy reset.",
  "headings": [
    "米国・EU・日本の stablecoin 制度比較 —— MRA は未確認、market access は個別審査",
    "Wiki route",
    "3 法域の現在の market-access 構造",
    "米国: reciprocity は可能性であって既成の passport ではない",
    "EU: MiCA authorization と第三国 license は同じではない",
    "日本: issuer、intermediary、handled instrument を分ける",
    "MRA を確認するための証拠チェック",
    "分析上の結論",
    "Related",
    "Sources"
  ],
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