In a post-Cabinet press conference, Japan's Finance Minister Katayama addressed questions about SANAE TOKEN after the business side said on social media that it was responding sincerely to the Japan Financial Services Agency while maintaining that there had been no violation of the Payment Services Act. Katayama said that, as a general matter, user protection is the most important consideration and that, if an issue arises, the authorities would seek to understand the facts and respond appropriately, but he declined to discuss the status of any action in this individual case. He did not confirm whether the Japan Financial Services Agency had started a formal investigation or carried out preliminary hearings. Katayama added that he had just been informed of a post from NoBorder's official X account stating that the project would be canceled.
Japan Financial Services Agency 2026-03-10
Japan Financial Services Agency SANAE TOKEN response framed around user protection as NoBorder says project will be canceled
Japan's Finance Minister Katayama emphasized user protection in response to inquiries about SANAE TOKEN, noting that authorities would investigate any issues appropriately. He did not confirm whether the Japan Financial Services Agency had initiated a formal investigation. Katayama also mentioned a post from NoBorder's official account indicating the project's cancellation.