CBSR · 证据资料库
美国 → 日本稳定币通道证据 | CBSR
核对美国 → 日本有向通道的目的地门槛、II 类快照结论、来源依据与复核局限。
这一方向为什么重要
美国→日本为 II 类，涉及登记 EPIESP 渠道、本地储备及境外发行人行为条件，而非自动双重许可。分类依据还记录境外信托型工具的认可条件，不能把认可概括成全面市场准入。
目的地门槛：快照原文
Japan Electronic Payment Instruments inbound channel-determination
Foreign token circulates only via a registered EPIESP holding reserves in Japan equal to customer holdings, with the foreign issuer not issuing/redeeming/soliciting to Japanese users (recognition + registration, not mutual recognition).快照记录的主管机构：FSA / Local Finance Bureaus
分类依据与来源依赖
PSA Electronic Payment Instruments channel through a registered EPIESP (reserves in Japan; foreign-issuer non-solicitation). Cabinet Office Ordinance promulgated 2026-05-19, in force 2026-06-01, recognises equivalent foreign trust-type stablecoins as electronic payment instruments, subject to (i) an equivalent home licence, (ii) appropriately managed and audited reserves, and (iii) an information-sharing / cooperation arrangement between the home regulator and the JFSA.有向边与无向配对的区别
来源明确区分无向配对与有向边的约束交互集。本方向的交互集为 A, C
Directed-edge operative interaction sets (Corridor Atlas v0.2.5 §5, read at the destination inbound gate for THIS direction) differ from the undirected pairwise sets (Architecture §5.14). The Atlas generalizes the §5.12/§5.14 undirected pairs into directed edges and re-derives the operative interaction sets per direction; the compatibility CATEGORY agrees, the interaction-set list may differ by direction. This divergence is declared, not silent.
来源与局限
- 已提交通道 JSON 原始文件
- 通道分析源文件
- CBSR 记录的底层监管来源
- Fan, Cross-Border Digital-Finance Corridor Atlas v0.2.5 (June 2026), §5.18 (United States -> Japan)
- Fan, Cross-Border Stablecoin Architecture v3 (Twelve Jurisdictions, June 2026), §5.14 (US x JP: Category I/II hybrid — undirected §5.14 pair; see this edge's `divergence` field)
分析叙述或基础设施试验不证明已经取得业务准入。类别属于有日期的研究输出，不是牌照、执行批准或结算可用性保证。来源复核缺口继续保留在关联的法域记录中。