{"id":5372,"date":"2025-09-08T00:38:30","date_gmt":"2025-09-07T15:38:30","guid":{"rendered":"https:\/\/itresearchart.biz\/?p=5372"},"modified":"2025-09-08T00:38:30","modified_gmt":"2025-09-07T15:38:30","slug":"%e7%b1%b3%e5%9b%bd%e3%81%ae%e3%82%b9%e3%83%86%e3%83%bc%e3%83%96%e3%83%ab%e3%82%b3%e3%82%a4%e3%83%b3%e3%81%ab%e9%96%a2%e3%81%99%e3%82%8b%e6%b3%95-genius%e6%b3%95%e3%82%92%e8%aa%ad%e3%82%80","status":"publish","type":"post","link":"https:\/\/itresearchart.biz\/?p=5372","title":{"rendered":"\u7c73\u56fd\u306e\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306b\u95a2\u3059\u308b\u6cd5-Genius\u6cd5\u3092\u8aad\u3080"},"content":{"rendered":"<h1>1 \u5831\u9053\u7b49<\/h1>\n<p>2025\u5e747\u670818\u65e5 \u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306f\u3001\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306b\u95a2\u3059\u308b\u6cd5-Genius\u6cd5\u306b\u66f8\u540d\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>\u65b0\u805e\u8a18\u4e8b\u3068\u3057\u3066\u306f<\/p>\n<ul>\n<li><a href=\"https:\/\/www.nikkei.com\/article\/DGXZQOGN1902W0Z10C25A7000000\/\">\u7c73\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u6cd5\u304c\u6210\u7acb\u3001\u30c8\u30e9\u30f3\u30d7\u6c0f\u300c\u30c9\u30eb\u57fa\u8ef8\u3092\u7dad\u6301\u300d(\u65e5\u7d4c\u65b0\u805e2025\/7\/19)<\/a><\/li>\n<li><a href=\"https:\/\/www.nikkei.com\/article\/DGXZQOGN18DJM0Y5A710C2000000\/\">\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306f\u300c\u901a\u8ca8\u300d\u306b\u306a\u308b\u304b\u3000\u7c73\u65b0\u6cd5\u304c\u5909\u3048\u308b\u91d1\u878d\u30d3\u30b8\u30cd\u30b9(\u540c)<\/a><\/li>\n<li><a href=\"https:\/\/www.nikkei.com\/article\/DGXZQOGN2806R0Y5A620C2000000\/\" data-track-article-link=\"true\">\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u6c7a\u6e08\u3001\u7c73\u65b0\u6cd5\u304c\u53f7\u7832\u3000\u30ab\u30fc\u30c9\u5927\u624b\u300c\u72ec\u5360\u5e02\u5834\u300d\u306b\u98a8\u7a74(\u540c 2025\/7\/16)<\/a><\/li>\n<\/ul>\n<p>\u306a\u3069\u304c\u3042\u308a\u307e\u3059\u3002\u307e\u305f\u3001\u6cd5\u5f8b\u306e\u6210\u7acb\u3092\u5951\u6a5f\u306b\u5206\u6790\u3059\u308b\u3082\u306e\u3068\u3057\u3066\u306f<\/p>\n<ul>\n<li>\u6728\u5185 \u767b\u82f1 <a href=\"https:\/\/www.nri.com\/jp\/media\/column\/kiuchi\/20250627.html\">\u300c\u7c73\u56fd\u3067\u9032\u3080\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u898f\u5236\u6574\u5099\uff08\uff11\uff09\uff1aGENIUS\u6cd5\u6848\u306e\u6982\u8981\u3068\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3092\u5de1\u308b\u7af6\u4e89\u300d<\/a>\u00a0 <a href=\"https:\/\/www.nri.com\/jp\/media\/column\/kiuchi\/20250702.html\">\u300c\u7c73\u56fd\u3067\u9032\u3080\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u898f\u5236\u6574\u5099\uff08\uff12\uff09\uff1a\u9280\u884c\u30b7\u30b9\u30c6\u30e0\u3078\u306e\u5f71\u97ff\u300d<\/a>\u300c\u7c73\u56fd\u3067\u9032\u3080\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u898f\u5236\u6574\u5099\uff1aGENIUS\u6cd5\u304c\u6210\u7acb\uff1a\u30c9\u30eb\u8987\u6a29\u306e\u7dad\u6301\u3092\u72d9\u3046\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u300d<a href=\"https:\/\/www.nri.com\/jp\/media\/column\/kiuchi\/20250723_2.html\">(3)<\/a>\u3001<a href=\"https:\/\/www.nri.com\/jp\/media\/column\/kiuchi\/20250725_2.html\">\u300c\u7c73\u56fd\u3067\u9032\u3080\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u898f\u5236\u6574\u5099\uff08\uff14\uff09\uff1a\u56fd\u969b\u6c7a\u6e08\u306e\u62e1\u5927\u3067\u30c9\u30eb\u8987\u6a29\u306e\u7dad\u6301\u3092\u72d9\u3046\u300d<\/a> \u300c<a href=\"https:\/\/www.nri.com\/jp\/media\/column\/kiuchi\/20250808.html\">\u7c73\u56fd\u3067\u9032\u3080\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u898f\u5236\u6574\u5099\uff08\uff15\uff09\uff1a\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u6697\u53f7\u8cc7\u7523\u652f\u63f4\u3068\u6df1\u523b\u306a\u5229\u76ca\u76f8\u53cd\u306e\u554f\u984c\u300d<\/a> \u300c<a href=\"https:\/\/www.nri.com\/jp\/media\/column\/kiuchi\/20250813.html\">\u7c73\u56fd\u3067\u9032\u3080\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u898f\u5236\u6574\u5099\uff08\uff16\uff09\uff1a\u9999\u6e2f\u3082\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u89e3\u7981\u3067\u30c9\u30eb\u306b\u5bfe\u6297<\/a>\u300d\u300c<a href=\"https:\/\/www.nri.com\/jp\/media\/column\/kiuchi\/20250814.html\">\u7c73\u56fd\u3067\u9032\u3080\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u898f\u5236\u6574\u5099\uff08\uff17\uff09\uff1a\u4e16\u754c\u306eCBDC\uff08\u4e2d\u9280\u30c7\u30b8\u30bf\u30eb\u901a\u8ca8\uff09\u69cb\u60f3\u306b\u5f71\u97ff<\/a>\u300d\u300c<a href=\"https:\/\/www.nri.com\/jp\/media\/column\/kiuchi\/20250820.html\">\u7c73\u56fd\u3067\u9032\u3080\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u898f\u5236\u6574\u5099\uff08\uff18\uff09\uff1a\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u3068\u6697\u53f7\u8cc7\u7523\u696d\u754c\u306e\u871c\u6708\u95a2\u4fc2\u306b\u6e9d\u304b<\/a>\u300d<\/li>\n<li><a href=\"https:\/\/forbesjapan.com\/articles\/detail\/80736\">Forbes \u300c \u7c73\u56fd\u521d\u306e\u6697\u53f7\u8cc7\u7523\u6cd5\u300cGENIUS\u6cd5\u300d\u304c\u6210\u7acb\u3001\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3092\u30c9\u30eb\u306b\u5f37\u5236\u9023\u52d5\u300d<\/a><\/li>\n<li>\u30b3\u30a4\u30f3\u30c7\u30b9\u30af <a href=\"https:\/\/www.coindeskjapan.com\/304382\/\">\u300c\u7c73\u30b8\u30fc\u30cb\u30a2\u30b9\u6cd5\u3001\u6697\u53f7\u8cc7\u7523\u696d\u754c\u306b\u3068\u3063\u3066\u4f55\u3092\u610f\u5473\u3059\u308b\u306e\u304b\u300d\u00a0\u00a0<\/a> \u300c<a href=\"https:\/\/www.coindeskjapan.com\/304376\/\">\u30b8\u30fc\u30cb\u30a2\u30b9\u6cd5\u6210\u7acb\u3001\u7c73\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u898f\u5236\u304c\u524d\u9032\u2500\u2500\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u304c\u7f72\u540d\u300d\u00a0<\/a><\/li>\n<li>\u30b3\u30a4\u30f3\u30dd\u30b9\u30c8 <a href=\"https:\/\/coinpost.jp\/?p=636427#index04\">\u300c\u7c73\u56fdWeb3\u898f\u5236\u306e\u6700\u65b0\u52d5\u5411\uff5cCLARITY\u30fbGENIUS\u6cd5\u6848\u3068\u4f01\u696d\u53c2\u5165\u306e\u5f71\u97ff\u3092\u5fb9\u5e95\u89e3\u8aac\u300d<\/a><\/li>\n<li>\u5927\u548c\u7dcf\u7814 <a href=\"https:\/\/www.dir.co.jp\/report\/research\/economics\/usa\/20250819_025265.html\">\u300cGENIUS\u6cd5\u3001\u9280\u884c\u3068\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u9082\u9005 \u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306f\u652f\u6255\u6c7a\u6e08\u624b\u6bb5\u3068\u3057\u3066\u666e\u53ca\u3059\u308b\u306e\u304b\uff1f\u300d<\/a><\/li>\n<\/ul>\n<p>\u306a\u3069\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<h1>2 GENIUS\u6cd5\u306e\u6982\u8981<\/h1>\n<p>\u3044\u308d\u3044\u308d\u3068\u89e3\u8aac\u304c\u306a\u3055\u308c\u3066\u3044\u308bGENIUS\u6cd5(\u7c73\u56fd\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u305f\u3081\u306e\u56fd\u5bb6\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u3092\u30ac\u30a4\u30c9\u3057\u3001\u78ba\u7acb\u3059\u308b\u305f\u3081\u306e\u6cd5\u5f8b\u2018\u2018Guiding and Establishing National Innovation for U.S. Stablecoins Act\u2019\u2019 )(PUBLIC LAW 119\u201327)\u3067\u3059\u304c\u3001\u6cd5\u7684\u306a\u89b3\u70b9\u304b\u3089\u3001\u5206\u6790\u3057\u3066\u3044\u308b\u3082\u306e\u306f\u3001\u4e0a\u3067\u306f\u306a\u3044\u3088\u3046\u3067\u3059\u3002\u3067\u3001\u6982\u8981\u3067\u3059\u304c\u3001\u5168\u90e8\u306720\u6761\u304b\u3089\u3067\u304d\u3066\u3044\u308b\u6cd5\u5f8b\u3067\u3059\u3002<\/p>\n<h2>2.1 \u6761\u6587\u69cb\u6210<\/h2>\n<p>\u307e\u305a\u306f\u3001\u6761\u6587\u672c\u4f53\u306e\u30ea\u30f3\u30af\u306f\u3001<a href=\"https:\/\/www.congress.gov\/bill\/119th-congress\/senate-bill\/1582\/text\">\u3053\u3061\u3089<\/a>\u3002\u3053\u308c\u306b\u3064\u3044\u3066\u306e\u5546\u52d9\u7701\u306e\u89e3\u8aac\u306f<a href=\"https:\/\/financialservices.house.gov\/uploadedfiles\/2025-07-10_--_sbs_floor_genius_final.pdf\">\u3053\u3061\u3089\u3067\u3059<\/a>\u3002<\/p>\n<p>\u6761\u6587\u3068\u3057\u3066\u306f\u30011\u6761 \u984c\u540d\u30012\u6761\u5b9a\u7fa9\u306e\u3042\u3068\u306f\u3001\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<table border=\"1\">\n<thead>\n<tr>\n<th>No<\/th>\n<th>Title (Japanese)<\/th>\n<th>Title (English)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>3<\/td>\n<td>\u652f\u6255\u3044\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u767a\u884c\u3068\u53d6\u308a\u6271\u3044<\/td>\n<td>Issuance and treatment of payment stablecoins<\/td>\n<\/tr>\n<tr>\n<td>4<\/td>\n<td>\u652f\u6255\u3044\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u306e\u8981\u4ef6<\/td>\n<td>Requirements for issuing payment stablecoins<\/td>\n<\/tr>\n<tr>\n<td>5<\/td>\n<td>\u9810\u91d1\u4fdd\u967a\u4ed8\u304d\u91d1\u878d\u6a5f\u95a2\u306e\u5b50\u4f1a\u793e\u304a\u3088\u3073\u9023\u90a6\u8a8d\u5b9a\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u8005\u306e\u627f\u8a8d<\/td>\n<td>Approval of Subsidiaries of Insured Depository Institutions and Federal Qualified Payment Stablecoin Issuers<\/td>\n<\/tr>\n<tr>\n<td>6<\/td>\n<td>\u9023\u90a6\u8a8d\u5b9a\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u8005\u304a\u3088\u3073\u9810\u91d1\u4fdd\u967a\u4ed8\u304d\u91d1\u878d\u6a5f\u95a2\u306e\u5b50\u4f1a\u793e\u306b\u5bfe\u3059\u308b\u76e3\u7763\u3068\u57f7\u884c<\/td>\n<td>Supervision and Enforcement with Respect to Federal Qualified Payment Stablecoin Issuers and Subsidiaries of Insured Depository Institutions<\/td>\n<\/tr>\n<tr>\n<td>7<\/td>\n<td>\u5dde\u8a8d\u5b9a\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u8005<\/td>\n<td>State Qualified Payment Stablecoin Issuers<\/td>\n<\/tr>\n<tr>\n<td>8<\/td>\n<td>\u30de\u30cd\u30fc\u30ed\u30f3\u30c0\u30ea\u30f3\u30b0\u9632\u6b62\u5bfe\u7b56<\/td>\n<td>Anti-Money Laundering Protections<\/td>\n<\/tr>\n<tr>\n<td>9<\/td>\n<td>\u30de\u30cd\u30fc\u30ed\u30f3\u30c0\u30ea\u30f3\u30b0\u9632\u6b62\u306e\u6280\u8853\u9769\u65b0<\/td>\n<td>Anti-Money Laundering Innovations<\/td>\n<\/tr>\n<tr>\n<td>10<\/td>\n<td>\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u6e96\u5099\u91d1\u304a\u3088\u3073\u62c5\u4fdd\u306e\u4fdd\u7ba1<\/td>\n<td>Custody of payment stablecoin reserve and collateral<\/td>\n<\/tr>\n<tr>\n<td>11<\/td>\n<td>\u7834\u7523\u3057\u305f\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u8005\u306e\u53d6\u308a\u6271\u3044<\/td>\n<td>Treatment of Insolvent Payment Stablecoin Issuers<\/td>\n<\/tr>\n<tr>\n<td>12<\/td>\n<td>\u76f8\u4e92\u904b\u7528\u6027\u57fa\u6e96<\/td>\n<td>Interoperability standards<\/td>\n<\/tr>\n<tr>\n<td>13<\/td>\n<td>\u898f\u5247\u5236\u5b9a<\/td>\n<td>Rulemaking<\/td>\n<\/tr>\n<tr>\n<td>14<\/td>\n<td>\u975e\u652f\u6255\u3044\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306b\u95a2\u3059\u308b\u8abf\u67fb<\/td>\n<td>Study on non-payment stablecoins<\/td>\n<\/tr>\n<tr>\n<td>15<\/td>\n<td>\u9280\u884c\u6a5f\u95a2\u306e\u6a29\u9650<\/td>\n<td>Authority of Banking Institutions<\/td>\n<\/tr>\n<tr>\n<td>16<\/td>\n<td>\u6d77\u5916\u3067\u767a\u884c\u3055\u308c\u305f\u652f\u6255\u3044\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u76f8\u4e92\u627f\u8a8d<\/td>\n<td>Reciprocity for payment stablecoins issued in overseas jurisdictions<\/td>\n<\/tr>\n<tr>\n<td>17<\/td>\n<td>\u652f\u6255\u3044\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306f\u8a3c\u5238\u30fb\u5546\u54c1\u3067\u306f\u306a\u3044\u3053\u3068\u306e\u660e\u78ba\u5316\u3068\u767a\u884c\u8005\u304c\u6295\u8cc7\u4f1a\u793e\u3067\u306f\u306a\u3044\u3053\u3068\u306e\u4fee\u6b63\u6761\u9805<\/td>\n<td>Amendments to clarify that payment stablecoins are not securities or commodities and permitted payment stablecoin issuers are not investment companies<\/td>\n<\/tr>\n<tr>\n<td>18<\/td>\n<td>\u5916\u56fd\u306e\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u8005\u306b\u5bfe\u3059\u308b\u4f8b\u5916\u898f\u5b9a\u3068\u76f8\u4e92\u627f\u8a8d<\/td>\n<td>Exception for foreign payment stablecoin issuers and reciprocity for payment stablecoins issued in overseas jurisdictions<\/td>\n<\/tr>\n<tr>\n<td>19<\/td>\n<td>\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u652f\u6255\u3044\u306b\u95a2\u3059\u308b\u958b\u793a<\/td>\n<td>Disclosure Relating to Payment Stablecoins<\/td>\n<\/tr>\n<tr>\n<td>20<\/td>\n<td>\u65bd\u884c\u65e5<\/td>\n<td>Effective Date<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>2.2 \u6761\u6587\u306e\u9010\u6761\u89e3\u8aac<\/h2>\n<p>\u5546\u52d9\u7701\u306e\u89e3\u8aac\u306e\u7ffb\u8a33\u306f\u3001\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u6761\u9805\u5225\u89e3\u8aac\uff1a\u7c73\u56fd\u5b89\u5b9a\u30b3\u30a4\u30f3\u306e\u56fd\u5bb6\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u306e\u6307\u91dd\u3068\u78ba\u7acb\u306b\u95a2\u3059\u308b\u6cd5\u5f8b\uff08GENIUS\u6cd5\uff09S. 1582\uff08GENIUS\u6cd5\uff09\u306f\u30012025\u5e745\u67081\u65e5\u306b\u30c6\u30cd\u30b7\u30fc\u5dde\u9078\u51fa\u306e\u5171\u548c\u515a\u4e0a\u9662\u8b70\u54e1\u30d3\u30eb\u30fb\u30cf\u30ac\u30c6\u30a3\u6c0f\u306b\u3088\u308a\u63d0\u51fa\u3055\u308c\u307e\u3057\u305f\u3002S. 1582\u306f\u3001\u7c73\u56fd\u306b\u304a\u3051\u308b\u652f\u6255\u3044\u7528\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u767a\u884c\u306b\u95a2\u3059\u308b\u660e\u78ba\u306a\u898f\u5236\u67a0\u7d44\u307f\u3092\u5b9a\u3081\u3066\u3044\u307e\u3059\u3002GENIUS\u6cd5\u306f\u30012025\u5e746\u670817\u65e5\u306b\u7c73\u56fd\u4e0a\u9662\u306768\u5bfe30\u306e\u4e0e\u91ce\u515a\u5171\u540c\u8cdb\u6210\u3067\u53ef\u6c7a\u3055\u308c\u307e\u3057\u305f\u3002<\/p>\n<h3>\u7b2c1\u6761\u00a0 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121\u306b\u985e\u4f3c\u3059\u308b\u6307\u91dd\u3092\u767a\u884c\u3059\u308b\u3053\u3068\u3092\u9632\u6b62\u3059\u308b\u3002<\/p>\n<h3>\u7b2c17\u6761 \u652f\u6255\u3044\u7528\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u304c\u8a3c\u5238\u307e\u305f\u306f\u5546\u54c1\u306b\u8a72\u5f53\u3057\u306a\u3044\u3053\u3068\u3001\u304a\u3088\u3073\u8a31\u53ef\u3055\u308c\u305f\u652f\u6255\u3044\u7528\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u8005\u304c\u6295\u8cc7\u4f1a\u793e\u3067\u306f\u306a\u3044\u3053\u3068\u3092\u660e\u78ba\u5316\u3059\u308b\u6539\u6b63<\/h3>\n<p>\u7b2c17\u6761\u306f\u3001\u7c73\u56fd\u306e\u8a3c\u5238\u6cd5\u3092\u6539\u6b63\u3057\u3001 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loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-5376\" src=\"https:\/\/i0.wp.com\/itresearchart.biz\/wp-content\/uploads\/2025\/08\/20250912GeniusAct03.jpg?resize=644%2C483&#038;ssl=1\" alt=\"\" width=\"644\" height=\"483\" srcset=\"https:\/\/i0.wp.com\/itresearchart.biz\/wp-content\/uploads\/2025\/08\/20250912GeniusAct03.jpg?resize=644%2C483&amp;ssl=1 644w, https:\/\/i0.wp.com\/itresearchart.biz\/wp-content\/uploads\/2025\/08\/20250912GeniusAct03.jpg?resize=300%2C225&amp;ssl=1 300w, https:\/\/i0.wp.com\/itresearchart.biz\/wp-content\/uploads\/2025\/08\/20250912GeniusAct03.jpg?resize=768%2C576&amp;ssl=1 768w, https:\/\/i0.wp.com\/itresearchart.biz\/wp-content\/uploads\/2025\/08\/20250912GeniusAct03.jpg?w=960&amp;ssl=1 960w\" sizes=\"(max-width: 644px) 100vw, 644px\" \/><\/a><\/p>\n<p><span style=\"font-size: 14px;\">\u8868\u3068\u3057\u3066\u306f\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u306a\u308a\u307e\u3059\u3002<\/span><\/p>\n<p><a href=\"https:\/\/itresearchart.biz\/?attachment_id=5374\" rel=\"attachment wp-att-5374\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-5374\" src=\"https:\/\/i0.wp.com\/itresearchart.biz\/wp-content\/uploads\/2025\/08\/20250912GeniusAct01.jpg?resize=644%2C483&#038;ssl=1\" alt=\"\" width=\"644\" height=\"483\" srcset=\"https:\/\/i0.wp.com\/itresearchart.biz\/wp-content\/uploads\/2025\/08\/20250912GeniusAct01.jpg?resize=644%2C483&amp;ssl=1 644w, https:\/\/i0.wp.com\/itresearchart.biz\/wp-content\/uploads\/2025\/08\/20250912GeniusAct01.jpg?resize=300%2C225&amp;ssl=1 300w, https:\/\/i0.wp.com\/itresearchart.biz\/wp-content\/uploads\/2025\/08\/20250912GeniusAct01.jpg?resize=768%2C576&amp;ssl=1 768w, https:\/\/i0.wp.com\/itresearchart.biz\/wp-content\/uploads\/2025\/08\/20250912GeniusAct01.jpg?w=960&amp;ssl=1 960w\" sizes=\"(max-width: 644px) 100vw, 644px\" \/><\/a><\/p>\n<p>\u3053\u306e\u5185\u5bb9\u306f\u3001\u5177\u4f53\u7684\u306b\u306f\u3001\u4ee5\u4e0b\u306e\u3088\u3046\u306a\u5185\u5bb9\u304c\u3042\u308b\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308b\u304b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<h3>3.2.1\u6d41\u901a\u6027\u3092\u6709\u3059\u308b\u91d1\u878d\u5546\u54c1\u3067\u3042\u308b\u3053\u3068\u304b\u3089\u751f\u3058\u308b\u30ea\u30b9\u30af\u3068\u5bfe\u5fdc<\/h3>\n<h4>\u6d41\u901a\u6027<\/h4>\n<p>\u6d41\u901a\u6027\u3092\u6709\u3059\u308b\u3068\u3044\u3046\u306e\u306f\u3001\u305d\u306e\u91d1\u92ad\u7684\u4fa1\u5024\u304c\u3001\u4e0d\u7279\u5b9a\u591a\u6570\u306e\u8005\u306e\u9593\u3067\u652f\u6255\u624b\u6bb5\u3068\u3057\u3066\u5229\u7528\u3055\u308c\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002\u3053\u306e\u7d50\u679c\u3001\u305d\u306e\u3088\u3046\u306a\u91d1\u92ad\u4fa1\u5024\u306f\u3001\u72af\u7f6a\u306b\u304a\u3051\u308b\u8cc7\u91d1\u306e\u4f9b\u7d66\u624b\u6bb5\u3068\u3057\u3066\u5229\u7528\u3055\u308c\u305f\u308a\u3001\u307e\u305f\u3001\u72af\u7f6a\u306e\u7d50\u679c\u3068\u3057\u3066\u306e\u91d1\u92ad\u3092\u6d17\u6d44\u3057\u3001\u305d\u306e\u75d5\u8de1\u3092\u6d88\u3059\u305f\u3081\u306b\u5229\u7528\u3055\u308c\u305f\u308a\u3059\u308b\u30ea\u30b9\u30af\u304c\u3042\u308b\u306e\u3067\u3059\u3002<\/p>\n<p>\u3053\u308c\u306f\u3001\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3067\u3042\u308b\u3053\u3068\u306b\u3088\u3063\u3066\u3001\u7279\u6bb5\u306b\u30ea\u30b9\u30af\u304c\u5909\u66f4\u3059\u308b\u3068\u3044\u3046\u3082\u306e\u3067\u306f\u306a\u3044\u3060\u308d\u3046\u3068\u8003\u3048\u3089\u308c\u307e\u3059\u3002<\/p>\n<h4>\u91d1\u878d\u5546\u54c1\u6027<\/h4>\n<p>\u307e\u305f\u3001\u91d1\u878d\u5546\u54c1\u306b\u306f\u3001\u2460\u767a\u884c\u8005\u7b49\u306e\u6d3b\u52d5\u306b\u3088\u3063\u3066\u305d\u306e\u5546\u54c1\u306e\u5ba2\u89b3\u7684\u306a\u4fa1\u5024\u304c\u5909\u52d5\u3059\u308b\u3053\u3068\u3001\u2461\u30b5\u30fc\u30d3\u30b9\u306e\u7bc4\u56f2\u304c\u5e83\u6c4e\u3067\u7a2e\u3005\u306e\u696d\u8005\u304c\u30b5\u30fc\u30d3\u30b9\u306e\u5404\u5074\u9762\u3092\u62c5\u3063\u3066\u3044\u308b\u3053\u3068\u3001\u2462\u4e00\u822c\u306e\u8cfc\u5165\u8005\u304c\u3001\u305d\u306e\u5546\u54c1\u306e\u4fa1\u5024\u306b\u3064\u3044\u3066\u5341\u5206\u306a\u60c5\u5831\u3092\u5f97\u308b\u3053\u3068\u304c\u96e3\u3057\u3044\u3053\u3068\u3001\u3068\u3044\u3063\u305f\u7279\u5fb4\u304c\u3042\u308a\u307e\u3059\u3002\u8a00\u3044\u63db\u3048\u308b\u3068\u3001\u767a\u884c\u8005\u7b49\u306e\u884c\u70ba\u306b\u3088\u3063\u3066\u8ca8\u5e63\u4fa1\u5024\u304c\u5de6\u53f3\u3055\u308c\u308b\u30ea\u30b9\u30af\u3001\u4fa1\u5024\u5f62\u6210\u306b\u95a2\u4e0e\u3059\u308b\u4e3b\u4f53\u304c\u591a\u6570\u5b58\u5728\u3059\u308b\u30ea\u30b9\u30af\u3001\u8cfc\u5165\u8005\u304c\u60c5\u5831\u4e0d\u8db3\u3068\u306a\u308b\u30ea\u30b9\u30af\u304c\u5b58\u5728\u3059\u308b\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<h4>\u5e02\u5834\u306b\u3088\u308b\u53d6\u5f15<\/h4>\n<p>\u3053\u306e\u91d1\u878d\u5546\u54c1\u306f\u3001\u5e02\u5834\u306b\u3088\u3063\u3066\u53d6\u5f15\u3055\u308c\u308b\u5834\u5408\u3001\u305d\u306e\u5e02\u5834\u304c\u516c\u6b63\u306a\u5e02\u5834\u3067\u3042\u308b\u304b\u3001\u3068\u3044\u3046\u554f\u984c\u3082\u304a\u3053\u308a\u3048\u307e\u3059\u3002\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3067\u3042\u308b\u3053\u3068\u306b\u3088\u3063\u3066\u3001\u305d\u306e\u53d6\u5f15\u306f\u3001\u3080\u3057\u308d\u3001\u6cd5\u5b9a\u901a\u8ca8\u3067\u306e\u53d6\u5f15\u306b\u985e\u3059\u308b\u3082\u306e\u3068\u3057\u3066\u30ea\u30b9\u30af\u3068\u3057\u3066\u306f\u3001\u4f4e\u4e0b\u3059\u308b\u3082\u306e\u3068\u304b\u3093\u304c\u3048\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3068\u601d\u308f\u308c\u307e\u3059\u3002<\/p>\n<h4>\u793e\u4f1a\u306e\u30a4\u30f3\u30d5\u30e9\u6027<\/h4>\n<p>\u652f\u6255\u624b\u6bb5\u3084\u4fa1\u5024\u4fdd\u5b58\u624b\u6bb5\u3068\u3057\u3066\u5e83\u304f\u5229\u7528\u3055\u308c\u308b\u5834\u5408\u3001\u305d\u308c\u306f\u793e\u4f1a\u3084\u7d4c\u6e08\u306e\u57fa\u76e4\u3092\u652f\u3048\u308b\u30a4\u30f3\u30d5\u30e9\u306e\u4e00\u90e8\u3068\u306a\u308a\u307e\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u5229\u7528\u8005\u306e\u4fe1\u983c\u3092\u640d\u306a\u3046\u3088\u3046\u306a\u4e8b\u614b\u304c\u751f\u3058\u308c\u3070\u3001\u91d1\u878d\u30b7\u30b9\u30c6\u30e0\u3084\u793e\u4f1a\u5168\u4f53\u306b\u5927\u304d\u306a\u5f71\u97ff\u3092\u53ca\u307c\u3059\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u3057\u305f\u304c\u3063\u3066\u3001\u5b89\u5b9a\u6027\u3084\u5b89\u5168\u6027\u3092\u78ba\u4fdd\u3059\u308b\u305f\u3081\u306e\u9069\u5207\u306a\u5236\u5ea6\u8a2d\u8a08\u3084\u76e3\u7763\u304c\u5fc5\u8981\u3068\u306a\u308a\u307e\u3059\u3002\u3053\u308c\u306f\u3001\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3067\u3042\u308b\u3053\u3068\u306b\u3088\u3063\u3066\u3001\u7279\u6bb5\u306b\u30ea\u30b9\u30af\u304c\u5909\u66f4\u3059\u308b\u3068\u3044\u3046\u3082\u306e\u3067\u306f\u306a\u3044\u3060\u308d\u3046\u3068\u8003\u3048\u3089\u308c\u307e\u3059\u3002<\/p>\n<h3>3.2.2 \u60c5\u5831\u901a\u4fe1\u6280\u8853<\/h3>\n<p>\u60c5\u5831\u901a\u4fe1\u6280\u8853\u306e\u767a\u5c55\u306f\u3001\u91d1\u878d\u5546\u54c1\u306e\u4ed5\u7d44\u307f\u3084\u5229\u7528\u65b9\u6cd5\u3092\u5927\u304d\u304f\u5909\u5316\u3055\u305b\u3066\u3044\u307e\u3059\u3002\u4e00\u65b9\u3067\u3001\u6280\u8853\u7684\u306a\u8106\u5f31\u6027\u3084\u30b5\u30a4\u30d0\u30fc\u653b\u6483\u306e\u30ea\u30b9\u30af\u3082\u5b58\u5728\u3057\u307e\u3059\u3002\u3053\u3046\u3057\u305f\u6280\u8853\u9762\u306e\u7279\u6027\u3092\u8e0f\u307e\u3048\u3001\u5229\u7528\u8005\u4fdd\u8b77\u3068\u5e02\u5834\u306e\u5065\u5168\u6027\u3092\u7dad\u6301\u3059\u308b\u305f\u3081\u306b\u3001\u30bb\u30ad\u30e5\u30ea\u30c6\u30a3\u5bfe\u7b56\u3084\u6a19\u6e96\u5316\u304c\u6c42\u3081\u3089\u308c\u308b\u306e\u3067\u3059\u3002\u3053\u308c\u306f\u3001\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3067\u3042\u308b\u3053\u3068\u306b\u3088\u3063\u3066\u3001\u7279\u6bb5\u306b\u30ea\u30b9\u30af\u304c\u5909\u66f4\u3059\u308b\u3068\u3044\u3046\u3082\u306e\u3067\u306f\u306a\u3044\u3060\u308d\u3046\u3068\u8003\u3048\u3089\u308c\u307e\u3059\u3002<\/p>\n<h3>3.2.3 \u76e3\u7763\u306e\u305f\u3081\u306e\u898f\u5b9a\u7b49<\/h3>\n<p>\u3053\u308c\u3089\u306e\u30ea\u30b9\u30af\u306b\u5bfe\u5fdc\u3059\u308b\u305f\u3081\u306b\u306f\u3001\u767a\u884c\u8005\u3084\u95a2\u9023\u4e8b\u696d\u8005\u306b\u5bfe\u3059\u308b\u76e3\u7763\u4f53\u5236\u306e\u6574\u5099\u304c\u6b20\u304b\u305b\u307e\u305b\u3093\u3002\u76e3\u7763\u5f53\u5c40\u306f\u3001\u767b\u9332\u5236\u3084\u696d\u52d9\u898f\u5236\u3001\u60c5\u5831\u958b\u793a\u306e\u7fa9\u52d9\u4ed8\u3051\u306a\u3069\u3092\u901a\u3058\u3066\u3001\u900f\u660e\u6027\u306e\u78ba\u4fdd\u3068\u4e0d\u6b63\u9632\u6b62\u3092\u56f3\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u3055\u3089\u306b\u3001\u9069\u5207\u306a\u76e3\u7763\u3092\u884c\u3046\u3053\u3068\u3067\u3001\u5e02\u5834\u306e\u4fe1\u983c\u6027\u3092\u7dad\u6301\u3057\u3001\u5229\u7528\u8005\u4fdd\u8b77\u3068\u5065\u5168\u306a\u767a\u5c55\u306e\u4e21\u7acb\u3092\u5b9f\u73fe\u3059\u308b\u3053\u3068\u304c\u671f\u5f85\u3055\u308c\u307e\u3059\u3002\u3053\u308c\u306f\u3001\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3067\u3042\u308b\u3053\u3068\u306b\u3088\u3063\u3066\u3001\u76e3\u7763\u65b9\u6cd5\u304c\u5909\u66f4\u3059\u308b\u3068\u3044\u3046\u3082\u306e\u3067\u306f\u306a\u3044\u3060\u308d\u3046\u3068\u8003\u3048\u3089\u308c\u307e\u3059\u3002\u305d\u306e\u610f\u5473\u3067\u3001\u30ea\u30b9\u30af\u304c\u4f4e\u4e0b\u3057\u3066\u3044\u308b\u5834\u5408\u306b\u304a\u3044\u3066\u306f\u3001\u305d\u306e\u3088\u3046\u306a\u89b3\u70b9\u304b\u3089\u306a\u3059\u898f\u5236\u304c\u3066\u304d\u3088\u3046\u3055\u308c\u306a\u3044\u3053\u3068\u3092\u660e\u3089\u304b\u306b\u3059\u308b\u306a\u3069\u306e\u65b9\u6cd5\u304c\u5fc5\u8981\u306b\u306a\u308b\u3068\u3044\u3046\u3053\u3068\u3060\u308d\u3046\u3068\u8003\u3048\u3089\u308c\u307e\u3059\u3002<\/p>\n<h2>3.3 Genius\u6cd5\u306e\u898f\u5b9a\u3092\u898b\u308b<\/h2>\n<p>\u3067\u3082\u3063\u3066\u3001\u4e0a\u306e\u898f\u5b9a\u3092\u898b\u306a\u304c\u3089\u3001\u30ea\u30b9\u30af\u306e\u8868\u3092\u6574\u7406\u3057\u3066\u307f\u307e\u3059\u3002<\/p>\n<h3>3.3.1 \u5b9a\u7fa9<\/h3>\n<p>Genius\u6cd5\u306e\u898f\u5b9a\u306f\u30012\u6761\u306b\u304a\u3044\u3066\u5b9a\u7fa9\u3092\u5b9a\u3081\u3066\u3044\u308b\u306e\u306f\u3001\u4e0a\u3067\u307f\u305f\u3068\u304a\u308a\u3067\u3059\u3002\u5b9a\u3081\u3089\u308c\u3066\u3044\u308b\u5b9a\u7fa9\u306f\u3001\u4ee5\u4e0b\u306e\u3068\u304a\u308a\u3067\u3059\u3002<\/p>\n<table>\n<caption>GENIUS\u6cd5 \u7b2c2\u6761 \u5b9a\u7fa9\u9805\u76ee\u4e00\u89a7\uff081\u301c33\uff09<\/caption>\n<thead>\n<tr>\n<th>\u756a\u53f7<\/th>\n<th>\u7528\u8a9e\u30bf\u30a4\u30c8\u30eb<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1<\/td>\n<td>\u9069\u5207\u306a\u9023\u90a6\u9280\u884c\u76e3\u7763\u6a5f\u95a2<\/td>\n<\/tr>\n<tr>\n<td>2<\/td>\n<td>\u9280\u884c\u79d8\u5bc6\u6cd5<\/td>\n<\/tr>\n<tr>\n<td>3<\/td>\n<td>\u7406\u4e8b\u4f1a\uff08Board\uff09<\/td>\n<\/tr>\n<tr>\n<td>4<\/td>\n<td>\u76e3\u67fb\u5f79<\/td>\n<\/tr>\n<tr>\n<td>5<\/td>\n<td>\u6cd5\u4eba<\/td>\n<\/tr>\n<tr>\n<td>6<\/td>\n<td>\u30c7\u30b8\u30bf\u30eb\u8cc7\u7523<\/td>\n<\/tr>\n<tr>\n<td>7<\/td>\n<td>\u30c7\u30b8\u30bf\u30eb\u8cc7\u7523\u30b5\u30fc\u30d3\u30b9\u63d0\u4f9b\u8005<\/td>\n<\/tr>\n<tr>\n<td>8<\/td>\n<td>\u5206\u6563\u578b\u53f0\u5e33\uff08distributed ledger\uff09<\/td>\n<\/tr>\n<tr>\n<td>9<\/td>\n<td>\u5206\u6563\u578b\u53f0\u5e33\u30d7\u30ed\u30c8\u30b3\u30eb\uff08distributed ledger protocol\uff09<\/td>\n<\/tr>\n<tr>\n<td>10<\/td>\n<td>\u9023\u90a6\u652f\u5e97<\/td>\n<\/tr>\n<tr>\n<td>11<\/td>\n<td>\u9023\u90a6\u9069\u683c\u6c7a\u6e08\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u8005<\/td>\n<\/tr>\n<tr>\n<td>12<\/td>\n<td>\u5dde\u9069\u683c\u6c7a\u6e08\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u8005<\/td>\n<\/tr>\n<tr>\n<td>13<\/td>\n<td>\u6a5f\u95a2\u95a2\u9023\u5f53\u4e8b\u8005<\/td>\n<\/tr>\n<tr>\n<td>14<\/td>\n<td>\u4fdd\u967a\u4ed8\u4fe1\u7528\u7d44\u5408<\/td>\n<\/tr>\n<tr>\n<td>15<\/td>\n<td>\u4fdd\u967a\u4ed8\u9810\u91d1\u6a5f\u95a2<\/td>\n<\/tr>\n<tr>\n<td>16<\/td>\n<td>\u6cd5\u4ee4\u306b\u57fa\u3065\u304f\u547d\u4ee4<\/td>\n<\/tr>\n<tr>\n<td>17<\/td>\n<td>\u91d1\u92ad\u7684\u4fa1\u5024<\/td>\n<\/tr>\n<tr>\n<td>18<\/td>\n<td>\u8ca8\u5e63\uff08\u30de\u30cd\u30fc\uff09<\/td>\n<\/tr>\n<tr>\n<td>19<\/td>\n<td>\u56fd\u901a\u8ca8\uff08NATIONAL CURRENCY\uff09<\/td>\n<\/tr>\n<tr>\n<td>20<\/td>\n<td>\u975e\u9280\u884c\u4e8b\u696d\u4f53<\/td>\n<\/tr>\n<tr>\n<td>21<\/td>\n<td>\u63d0\u4f9b<\/td>\n<\/tr>\n<tr>\n<td>22<\/td>\n<td>\u6c7a\u6e08\u7528\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\uff08Payment Stablecoin\uff09<\/td>\n<\/tr>\n<tr>\n<td>23<\/td>\n<td>\u8a31\u53ef\u6c7a\u6e08\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u8005<\/td>\n<\/tr>\n<tr>\n<td>24<\/td>\n<td>\u8005\uff08PERSON\uff09<\/td>\n<\/tr>\n<tr>\n<td>25<\/td>\n<td>\u4e3b\u8981\u9023\u90a6\u6c7a\u6e08\u7528\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u898f\u5236\u5f53\u5c40<\/td>\n<\/tr>\n<tr>\n<td>26<\/td>\n<td>\u767b\u9332\u516c\u8a8d\u4f1a\u8a08\u58eb\u4e8b\u52d9\u6240<\/td>\n<\/tr>\n<tr>\n<td>27<\/td>\n<td>\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u8a8d\u8a3c\u5be9\u67fb\u59d4\u54e1\u4f1a<\/td>\n<\/tr>\n<tr>\n<td>28<\/td>\n<td>\u5dde\uff08\u30b9\u30c6\u30fc\u30c8\uff09<\/td>\n<\/tr>\n<tr>\n<td>29<\/td>\n<td>\u5dde\u8a8d\u53ef\u9810\u91d1\u6a5f\u95a2<\/td>\n<\/tr>\n<tr>\n<td>30<\/td>\n<td>\u5dde\u6c7a\u6e08\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u898f\u5236\u5f53\u5c40<\/td>\n<\/tr>\n<tr>\n<td>31<\/td>\n<td>\u5dde\u8a8d\u5b9a\u6c7a\u6e08\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u8005<\/td>\n<\/tr>\n<tr>\n<td>32<\/td>\n<td>\u5b50\u4f1a\u793e<\/td>\n<\/tr>\n<tr>\n<td>33<\/td>\n<td>\u4fdd\u967a\u4ed8\u304d\u4fe1\u7528\u7d44\u5408\u306e\u5b50\u4f1a\u793e<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u3067\u3082\u3063\u3066\u3001\u8208\u5473\u6df1\u3044\u3082\u306e\u3068\u3057\u3066\u306f\u300122 \u6c7a\u6e08\u7528\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\uff08Payment Stablecoin\uff09\u300123 \u8a31\u53ef\u3055\u308c\u305f\u6c7a\u6e08\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u8005(permitted payment stablecoin issuer)\u304c\u3042\u308a\u307e\u3059\u3002<br \/>\n\u300c\u6c7a\u6e08\u7528\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u300d\u3068\u306f\u2015<\/p>\n<p>(A) \u4ee5\u4e0b\u306e\u6761\u4ef6\u3092\u6e80\u305f\u3059\u30c7\u30b8\u30bf\u30eb\u8cc7\u7523\u3092\u3044\u3046\u2015<\/p>\n<p style=\"padding-left: 40px;\">(i) \u6c7a\u6e08\u624b\u6bb5\u3068\u3057\u3066\u4f7f\u7528\u3055\u308c\u308b\u3001\u307e\u305f\u306f\u305d\u306e\u3088\u3046\u306b\u8a2d\u8a08\u3055\u308c\u3066\u3044\u308b\u3082\u306e\uff1b\u304b\u3064<br \/>\n(ii) \u305d\u306e\u767a\u884c\u8005\u304c<\/p>\n<p style=\"padding-left: 80px;\">(I) \u56fa\u5b9a\u91d1\u984d\u306e\u91d1\u92ad\u7684\u4fa1\u5024\uff08\u56fa\u5b9a\u91d1\u984d\u306e\u91d1\u92ad\u7684\u4fa1\u5024\u3067\u8868\u793a\u3055\u308c\u305f\u30c7\u30b8\u30bf\u30eb\u8cc7\u7523\u3092\u9664\u304f\uff09\u306b\u5bfe\u3057\u3066\u3001\u5909\u63db\u3001\u511f\u9084\u3001\u307e\u305f\u306f\u8cb7\u623b\u3059\u7fa9\u52d9\u3092\u8ca0\u3046\u3082\u306e\uff1b \u304b\u3064<br \/>\n(II\uff09\u5f53\u8a72\u767a\u884c\u8005\u304c\u3001\u56fa\u5b9a\u91d1\u984d\u306e\u8ca8\u5e63\u4fa1\u5024\u306b\u5bfe\u3059\u308b\u5b89\u5b9a\u3057\u305f\u4fa1\u5024\u3092\u7dad\u6301\u3059\u308b\u3053\u3068\u3001\u307e\u305f\u306f\u7dad\u6301\u3059\u308b\u5408\u7406\u7684\u306a\u671f\u5f85\u3092\u751f\u3058\u3055\u305b\u308b\u3053\u3068\u3092\u8868\u660e\u3059\u308b\u3082\u306e\u3002<\/p>\n<p>(B) \u4ee5\u4e0b\u306e\u3044\u305a\u308c\u304b\u306b\u8a72\u5f53\u3059\u308b\u30c7\u30b8\u30bf\u30eb\u8cc7\u7523\u3092\u542b\u307e\u306a\u3044\u3082\u306e\u3068\u3059\u308b\u3002<\/p>\n<p style=\"padding-left: 40px;\">(i) \u56fd\u5bb6\u901a\u8ca8\u3067\u3042\u308b\u3082\u306e\u3002<br \/>\n(ii) \u9810\u91d1\uff08\u9023\u90a6\u9810\u91d1\u4fdd\u967a\u6cd5\u7b2c3\u6761\uff0812 U.S.C. 1813\uff09\u306b\u5b9a\u7fa9\u3055\u308c\u308b\u3082\u306e\uff09\u3067\u3042\u3063\u3066\u3001\u5206\u6563\u578b\u53f0\u5e33\u6280\u8853\u3092\u7528\u3044\u3066\u8a18\u9332\u3055\u308c\u305f\u9810\u91d1\u3092\u542b\u3080\u3082\u306e\uff1b \u307e\u305f\u306f<br \/>\n(iii) 1933\u5e74\u8a3c\u5238\u6cd5\u7b2c2\u6761\uff0815 U.S.C. 77b\uff09\u30011934\u5e74\u8a3c\u5238\u53d6\u5f15\u6cd5\u7b2c3\u6761\uff0815 U.S.C. 78c\uff09\u3001\u307e\u305f\u306f1940\u5e74\u6295\u8cc7\u4f1a\u793e\u6cd5\u7b2c2\u6761\uff0815 U.S.C. 80a\u20132\uff09\u306b\u5b9a\u7fa9\u3055\u308c\u308b\u6709\u4fa1\u8a3c\u5238\u3067\u3042\u308b\u3082\u306e \uff0815 U.S.C. 80a\u20132\uff09\u306b\u5b9a\u7fa9\u3055\u308c\u308b\u6709\u4fa1\u8a3c\u5238\u3067\u3042\u308b\u3053\u3068\u3002\u305f\u3060\u3057\u3001\u7591\u7fa9\u3092\u907f\u3051\u308b\u305f\u3081\u306b\u3001\u8a31\u53ef\u3055\u308c\u305f\u6c7a\u6e08\u7528\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u8005\u306b\u3088\u3063\u3066\u767a\u884c\u3055\u308c\u305f\u50b5\u5238\u3001\u624b\u5f62\u3001\u50b5\u52d9\u8a3c\u66f8\u3001\u307e\u305f\u306f\u6295\u8cc7\u5951\u7d04\u306f\u3001\u672c\u6cd5\u7b2c17\u6761\u306b\u6e96\u62e0\u3057\u3066\u3001\u30b5\u30d6\u30d1\u30e9\u30b0\u30e9\u30d5(A)\u306b\u8a18\u8f09\u3055\u308c\u305f\u6761\u4ef6\u3092\u6e80\u305f\u3059\u3053\u3068\u306e\u307f\u306b\u3088\u3063\u3066\u6709\u4fa1\u8a3c\u5238\u3068\u3057\u3066\u8a8d\u5b9a\u3055\u308c\u306a\u3044\u3082\u306e\u3068\u3059\u308b\u3002<\/p>\n<p>\u3068\u5b9a\u7fa9\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u4eee\u60f3\u901a\u8ca8\u3067\u3042\u3063\u3066\u3001(1)\u5b9a\u91d1\u984d\u306e\u91d1\u92ad\u7684\u4fa1\u5024\u3078\u306e\u8cb7\u3044\u623b\u3057\u7b49\u306e\u7fa9\u52d9\u3068(2)\u4fa1\u5024\u306e\u7dad\u6301\u8868\u660e\u3068\u3044\u3046\u4e8c\u3064\u306e\u8981\u7d20\u304c\u8981\u4ef6\u3068\u3055\u308c\u3066\u3044\u308b\u306e\u304c\u30dd\u30a4\u30f3\u30c8\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u8a31\u53ef\u3055\u308c\u305f\u6c7a\u6e08\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u8005(permitted payment stablecoin issuer)\u306f\u3001<\/p>\n<p><strong>\u300c\u8a31\u53ef\u3055\u308c\u305f\u6c7a\u6e08\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u8005\u300d\u3068\u306f\u3001\u7c73\u56fd\u306b\u304a\u3044\u3066\u8a2d\u7acb\u3055\u308c\u305f\u8005\u3067\u3042\u3063\u3066\u3001\u4ee5\u4e0b\u306e\u3044\u305a\u308c\u304b\u306b\u8a72\u5f53\u3059\u308b\u8005\u3092\u3044\u3046\uff1a<\/strong><\/p>\n<p>(A) \u7b2c5\u6761\u306b\u57fa\u3065\u304d\u6c7a\u6e08\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u767a\u884c\u3092\u8a8d\u53ef\u3055\u308c\u305f\u4fdd\u967a\u4ed8\u9810\u91d1\u6a5f\u95a2\u306e\u5b50\u4f1a\u793e<\/p>\n<p>(B) \u9023\u90a6\u8a8d\u5b9a\u6c7a\u6e08\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u8005<\/p>\n<p>(C) \u5dde\u8a8d\u5b9a\u6c7a\u6e08\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u8005<\/p>\n<p>\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u305d\u306e\u4ed6\u306b\u3082\u30016 \u30c7\u30b8\u30bf\u30eb\u8cc7\u7523\u30017 \u30c7\u30b8\u30bf\u30eb\u8cc7\u7523\u30b5\u30fc\u30d3\u30b9\u63d0\u4f9b\u8005\u30018 \u5206\u6563\u578b\u53f0\u5e33\uff08distributed ledger\uff09\u30019 \u5206\u6563\u578b\u53f0\u5e33\u30d7\u30ed\u30c8\u30b3\u30eb\uff08distributed ledger protocol\uff09\u300117 \u91d1\u92ad\u7684\u4fa1\u5024\u300118 \u8ca8\u5e63\uff08\u30de\u30cd\u30fc\uff09\u306a\u3069\u304c\u3042\u308a\u307e\u3059\u304c\u3001\u3053\u308c\u3089\u306b\u3064\u3044\u3066\u306f\u3001\u307e\u305f\u3001\u5225\u306e\u6a5f\u4f1a\u306b\u307f\u307e\u3059\u3002<\/p>\n<h3>3.3.2 \u6d41\u901a\u6027<\/h3>\n<p>\u30de\u30cd\u30ed\u30f3\u30fb\u30c6\u30ed\u8cc7\u91d1\u4f9b\u4e0e\u5bfe\u7b56\u30fb\u3042\u3068\u3001\u3053\u308c\u306b\u3064\u3044\u3066\u696d\u8005\u306e\u767b\u9332\u3068\u76e3\u7763\u304c\u3053\u306e\u89b3\u70b9\u304b\u3089\u306f\u3001\u91cd\u8981\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<h4>\u30de\u30cd\u30ed\u30f3\u30fb\u30c6\u30ed\u8cc7\u91d1\u4f9b\u4e0e\u5bfe\u7b56<\/h4>\n<p>\u3053\u308c\u306f\u3001\u4e0a\u306e\u8868\u3067\u307f\u305f\u3088\u3046\u306b\u7279\u6bb5\u3001\u30ea\u30b9\u30af\u304c\u4f4e\u6e1b\u3055\u308c\u308b\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u7b2c8\u6761 \u8cc7\u91d1\u6d17\u6d44\u9632\u6b62\u63aa\u7f6e\u304c\u3001\u539f\u5247\u3068\u3057\u3066\u3001\u30c7\u30b8\u30bf\u30eb\u8cc7\u7523\u30b5\u30fc\u30d3\u30b9\u63d0\u4f9b\u8005\u306b\u3088\u308b\u5916\u56fd\u306e\u652f\u6255\u3044\u7528\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u63d0\u4f9b\u3001\u8ca9\u58f2\u3001\u307e\u305f\u306f\u5229\u7528\u53ef\u80fd\u5316\u3092\u7981\u6b62\u3092\u5b9a\u3081\u3066\u3044\u308b\u3053\u3068\u3001\u307e\u305f\u3001\u7b2c9\u6761\u304c\u3001<span style=\"font-size: 14px;\">\u30c7\u30b8\u30bf\u30eb\u8cc7\u7523\u306b\u95a2\u9023\u3059\u308b\u4e0d\u6b63\u884c\u70ba\u3092\u691c\u51fa\u3059\u308b\u305f\u3081\u306b\u4f7f\u7528\u3057\u3066\u3044\u308b\u3001\u307e\u305f\u306f\u4f7f\u7528\u3059\u308b\u53ef\u80fd\u6027\u306e\u3042\u308b\u9769\u65b0\u7684\u306a\u65b9\u6cd5\u3001\u6280\u8853\u3001\u307e\u305f\u306f\u6226\u7565\u3092\u7279\u5b9a\u3057\u3066\u3001<\/span><span style=\"font-size: 14px;\">\u8cc7\u91d1\u6d17\u6d44\u5bfe\u7b56\u306e\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u3092\u3057\u3066\u3044\u308b\u306e\u306f\u3001\u3053\u306e\u3088\u3046\u306a\u65b9\u5411\u306b\u3042\u308a\u307e\u3059\u3002<\/span><\/p>\n<h4>\u696d\u8005\u306e\u767b\u9332\u3068\u76e3\u7763<\/h4>\n<p>\u3053\u308c\u306b\u3064\u3044\u3066\u306f\u3001\u672c\u6cd5\u65bd\u884c\u5f8c3\u5e74\u3092\u7d4c\u904e\u3057\u305f\u5f8c\u306f\u3001\u30c7\u30b8\u30bf\u30eb\u8cc7\u7523\u30b5\u30fc\u30d3\u30b9\u63d0\u4f9b\u8005\u306f\u3001\u8a31\u53ef\u3055\u308c\u305f\u652f\u6255\u3044\u7528\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u8005\u306b\u3088\u3063\u3066\u767a\u884c\u3055\u308c\u305f\u5834\u5408\u3092\u9664\u304d\u3001\u652f\u6255\u3044\u7528\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u63d0\u4f9b\u53c8\u306f\u8ca9\u58f2\u3092\u884c\u3046\u3053\u3068\u3092\u7981\u6b62\u3055\u308c\u307e\u3059\u3002\u767a\u884c\u8005\u306b\u5bfe\u3059\u308b\u898f\u5236\u3068\u3044\u3046\u3088\u308a\u306f\u3001\u57fa\u672c\u7684\u306b\u306f\u3001\u30c7\u30b8\u30bf\u30eb\u8cc7\u7523\u30b5\u30fc\u30d3\u30b9\u63d0\u4f9b\u8005\u306b\u5bfe\u3059\u308b\u6cd5\u7684\u67a0\u7d44\u306b\u306a\u308a\u30012020\u5e74AML\u90fd\u4e0b\u306e\u554f\u984c\u306b\u306a\u308b\u304b\u3068\u601d\u3044\u307e\u3059\u304c\u3001\u3053\u308c\u306b\u3064\u3044\u3066\u306f\u3001\u5225\u306e\u6a5f\u4f1a\u306b\u691c\u8a0e\u3057\u307e\u3059\u3002<\/p>\n<h3>3.3.3 \u91d1\u878d\u5546\u54c1\u6027<\/h3>\n<p>\u91d1\u878d\u5546\u54c1\u6027\u306f\u3001\u3053\u306e\u53d6\u5f15\u304c\u3001\u5e02\u5834\u3067\u306a\u3055\u308c\u308b\u3053\u3068\u3001\u5546\u54c1\u306e\u6027\u8cea\u304c\u3001\u305d\u308c\u81ea\u4f53\u3068\u3057\u3066\u3001\u660e\u3089\u304b\u3067\u306f\u306a\u3044\u3053\u3068\u3001\u5546\u54c1\u3068\u3057\u3066\u3001\u53d6\u5f15\u304c\u306a\u3055\u308c\u308b\u3053\u3068\u306a\u3069\u304b\u3089\u691c\u8a0e\u3055\u308c\u308b\u3002<br \/>\n\u4fe1\u983c\u306e\u7dad\u6301\u306b\u3064\u3044\u3066\u306f\u3001\u5ba2\u89b3\u7684\u306a\u4fa1\u5024\u306e\u7dad\u6301\u3068\u3044\u3046\u8ad6\u70b9\u3001\u91d1\u878d\u5546\u54c1\u306b\u3064\u3044\u3066\u306e\u4ee3\u7406\u4eba\u30ea\u30b9\u30af\u306e\u8efd\u6e1b\u304a\u3088\u3073\u77e5\u8b58\u30fb\u60c5\u5831\u304c\u91d1\u878d\u5546\u54c1\u8ca9\u58f2\u696d\u8005\uff08\u4ee5\u4e0b\u696d\u8005\uff09\u306b\u6bd4\u3079\u3066\u4e4f\u3057\u3044\u9867\u5ba2\u306b\u5bfe\u3057\u3066\u696d\u8005\u306e\u8aac\u660e\u304c\u4e0d\u5341\u5206\u306a\u305f\u3081\u306b\u304a\u304d\u308b\u554f\u984c\u306b\u5bfe\u3059\u308b\u5bfe\u5fdc\u3068\u3044\u3046\u89b3\u70b9\u304b\u3089\u306a\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<h4>\u4fe1\u983c\u306e\u7dad\u6301<\/h4>\n<p>\u3053\u308c\u306b\u3064\u3044\u3066\u306f\u3001\u7b2c3\u6761\u3067\u3001\u652f\u6255\u3044\u7528\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u8005\u306b\u3064\u3044\u3066\u3001\u8a8d\u53ef\u5236\u5ea6\u304c\u63a1\u7528\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u5177\u4f53\u7684\u306a\u767a\u884c\u8981\u4ef6\u306f\u3001\u7b2c4\u6761\u3067\u3042\u3063\u3066\u3001<\/p>\n<ul>\n<li>\u7c73\u56fd\u901a\u8ca8<\/li>\n<li>\u4fdd\u967a\u4ed8\u9810\u91d1\u6a5f\u95a2\u306b\u9810\u3051\u3089\u308c\u305f\u9810\u91d1<\/li>\n<li>\u77ed\u671f\u56fd\u50b5\u3001\u56fd\u5eab\u8a3c\u5238\u3001\u307e\u305f\u306f\u56fd\u50b5<\/li>\n<li>\u77ed\u671f\u30ea\u30dd\u5951\u7d04\u304a\u3088\u3073\u9006\u30ea\u30dd\u5951\u7d04<\/li>\n<li>\u8a31\u53ef\u3055\u308c\u305f\u652f\u6255\u3044\u7528\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u6e96\u5099\u91d1\u30ea\u30b9\u30c8\u306b\u5305\u542b\u3055\u308c\u308b\u4ed6\u306e\u8cc7\u7523\u306b\u306e\u307f\u6295\u8cc7\u3055\u308c\u305f\u30de\u30cd\u30fc\u30de\u30fc\u30b1\u30c3\u30c8\u30d5\u30a1\u30f3\u30c9<\/li>\n<li>\u00a0\u4e3b\u8981\u306a\u9023\u90a6\u652f\u6255\u3044\u5b89\u5b9a\u30b3\u30a4\u30f3\u898f\u5236\u5f53\u5c40\u304c\u627f\u8a8d\u3057\u305f\u540c\u69d8\u306e\u6d41\u52d5\u6027\u306e\u3042\u308b\u9023\u90a6\u653f\u5e9c\u767a\u884c\u8cc7\u7523<\/li>\n<\/ul>\n<p>\u3067\u69cb\u6210\u3055\u308c\u308b\u8cc7\u7523\u30681\u5bfe1\u306e\u6bd4\u7387\u3067\u6e96\u5099\u91d1\u3092\u7dad\u6301\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3068\u3055\u308c\u3066\u3044\u308b\u3002\u305d\u3057\u3066\u3001<\/p>\n<ul>\n<li>\u6bce\u6708\u30a6\u30a7\u30d6\u30b5\u30a4\u30c8\u4e0a\u3067\u6e96\u5099\u91d1\u306e\u69cb\u6210\u3092\u516c\u8868\u3059\u308b\u3053\u3068<\/li>\n<li>\u5831\u544a\u66f8\u3092\u6bce\u6708\u72ec\u7acb\u3057\u305f\u767b\u9332\u516c\u8a8d\u4f1a\u8a08\u58eb\u4e8b\u52d9\u6240\u306b\u76e3\u67fb\u3055\u305b\u308b\u3053\u3068<\/li>\n<li>\u767a\u884c\u8005\u306e\u4e3b\u8981\u306a\u898f\u5236\u5f53\u5c40\u306b\u5bfe\u3057\u3001\u3053\u308c\u3089\u306e\u5831\u544a\u66f8\u306e\u771f\u5b9f\u6027\u306b\u95a2\u3059\u308b\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\uff08CEO\uff09\u304a\u3088\u3073\u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO\uff09\u306e\u8a3c\u660e\u66f8\u3092\u6bce\u6708\u63d0\u51fa\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3053\u3068\u3002<\/li>\n<\/ul>\n<p>\u3055\u3089\u306b<span style=\"font-size: 14px;\">\u4e3b\u8981\u306a\u9023\u90a6\u652f\u6255\u3044\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u898f\u5236\u5f53\u5c40\uff08\u5dde\u8a8d\u5b9a\u652f\u6255\u3044\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u8005\u306e\u5834\u5408\u306f\u3001\u5f53\u8a72\u5dde\u306e\u652f\u6255\u3044\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u898f\u5236\u5f53\u5c40\uff09\u306f\u3001<\/span><\/p>\n<ul>\n<li><span style=\"font-size: 14px;\">\u6e96\u5099\u8cc7\u7523\u306e\u591a\u69d8\u5316<\/span><\/li>\n<li><span style=\"font-size: 14px;\">\u30b5\u30a4\u30d0\u30fc\u30bb\u30ad\u30e5\u30ea\u30c6\u30a3<\/span><\/li>\n<li><span style=\"font-size: 14px;\">\u904b\u55b6<\/span><\/li>\n<li><span style=\"font-size: 14px;\">\u30b3\u30f3\u30d7\u30e9\u30a4\u30a2\u30f3\u30b9\u306b\u95a2\u3059\u308b\u8cc7\u672c\u8981\u4ef6<\/span><\/li>\n<li><span style=\"font-size: 14px;\">\u6d41\u52d5\u6027\u57fa\u6e96<\/span><\/li>\n<li><span style=\"font-size: 14px;\">\u30ea\u30b9\u30af\u7ba1\u7406\u8981\u4ef6<\/span><\/li>\n<\/ul>\n<p><span style=\"font-size: 14px;\">\u3092\u5b9a\u3081\u308b\u898f\u5247\u3092\u5236\u5b9a\u3059\u308b\u3053\u3068\u3092\u7fa9\u52d9\u4ed8\u3051\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<p>\u3055\u3089\u306b\u3001\u8a31\u53ef\u3055\u308c\u305f\u652f\u6255\u3044\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u8005\u306f\u3001\u9280\u884c\u79d8\u5bc6\u6cd5\uff08BSA\uff09\u306e\u9069\u7528\u306b\u304a\u3044\u3066\u91d1\u878d\u6a5f\u95a2\u3068\u3057\u3066\u6271\u308f\u308c\u307e\u3059\u3002<\/p>\n<p>\u305d\u306e\u4e0a\u3001\u767a\u884c\u6e08\u307f\u306e\u652f\u6255\u3044\u7528\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u6b8b\u9ad8\u304c$50,000,000,000\u3092\u8d85\u3048\u308b\u8a31\u53ef\u3055\u308c\u305f\u652f\u6255\u3044\u7528\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u8005\u306b\u3064\u3044\u3066<\/p>\n<ul>\n<li>\u4e00\u822c\u306b\u8a8d\u3081\u3089\u308c\u305f\u4f1a\u8a08\u539f\u5247\u306b\u5f93\u3063\u305f\u5e74\u6b21\u8ca1\u52d9\u8af8\u8868\u3092\u4f5c\u6210\u3057\u3001\u767b\u9332\u3055\u308c\u305f\u516c\u8a8d\u4f1a\u8a08\u58eb\u4e8b\u52d9\u6240\u306b\u3088\u308b\u76e3\u67fb\u3092\u53d7\u3051\u308b\u5fc5\u8981\u304c\u3042\u308b\u3002<\/li>\n<li>\u5f53\u8a72\u8ca1\u52d9\u8af8\u8868\u306f\u3001\u30a6\u30a7\u30d6\u30b5\u30a4\u30c8\u4e0a\u3067\u516c\u958b\u3055\u308c\u3001\u4e3b\u8981\u306a\u898f\u5236\u5f53\u5c40\u306b\u63d0\u51fa\u3055\u308c\u306a\u3051\u308c\u3070\u306a\u308a\u307e\u305b\u3093\u3002<\/li>\n<\/ul>\n<p>\u8a31\u53ef\u3055\u308c\u305f\u652f\u6255\u3044\u7528\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u8005<\/p>\n<ul>\n<li>\u652f\u6255\u3044\u7528\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306b\u5bfe\u3057\u3066\u5229\u606f\u307e\u305f\u306f\u5229\u56de\u308a\u3092\u652f\u6255\u3046\u3053\u3068\u3082\u7981\u6b62<\/li>\n<\/ul>\n<p>\u91d1\u878d\u6d3b\u52d5\u306b\u4e3b\u306b\u5f93\u4e8b\u3057\u3066\u3044\u306a\u3044\u516c\u958b\u4f1a\u793e\u304a\u3088\u3073\u5916\u56fd\u4f1a\u793e<\/p>\n<ul>\n<li>\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u8a8d\u8a3c\u5be9\u67fb\u59d4\u54e1\u4f1a\u304b\u3089\u5168\u4f1a\u4e00\u81f4\u306e\u627f\u8a8d\u3092\u5f97\u306a\u3044\u9650\u308a\u3001\u652f\u6255\u3044\u7528\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3092\u767a\u884c\u3059\u308b\u3053\u3068\u306f\u3067\u304d\u307e\u305b\u3093\u3002<\/li>\n<\/ul>\n<h4>\u91d1\u878d\u5546\u54c1\u306b\u3064\u3044\u3066\u306e\u4ee3\u7406\u4eba\u30ea\u30b9\u30af\u306e\u8efd\u6e1b\u304a\u3088\u3073\u77e5\u8b58\u30fb\u60c5\u5831\u304c\u91d1\u878d\u5546\u54c1\u8ca9\u58f2\u696d\u8005\uff08\u4ee5\u4e0b\u696d\u8005\uff09\u306b\u6bd4\u3079\u3066\u4e4f\u3057\u3044\u9867\u5ba2\u306b\u5bfe\u3057\u3066\u696d\u8005\u306e\u8aac\u660e\u304c\u4e0d\u5341\u5206\u306a\u305f\u3081\u306b\u304a\u304d\u308b\u554f\u984c\u306b\u5bfe\u3059\u308b\u5bfe\u5fdc<\/h4>\n<p>\u3053\u308c\u306b\u3064\u3044\u3066\u306f\u3001\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u304c\u3001\u56fa\u5b9a\u91d1\u984d\u306e\u8ca8\u5e63\u4fa1\u5024\u306b\u5bfe\u3059\u308b\u5b89\u5b9a\u3057\u305f\u4fa1\u5024\u3092\u6709\u3059\u308b\u3053\u3068\u3092\u610f\u56f3\u3055\u308c\u3066\u3044\u308b\u3053\u3068\u304b\u3089\u3001\u7279\u6bb5\u306e\u898f\u5b9a\u306f\u8003\u3048\u3089\u308c\u3066\u3044\u306a\u3044\u3068\u8868\u73fe\u3067\u304d\u308b\u3067\u3042\u308d\u3046\u3002\u7b2c17\u6761\u306f\u3001\u300c\u8a3c\u5238\u300d\u306b\u306f\u3001\u8a31\u53ef\u3055\u308c\u305f\u652f\u6255\u3044\u7528\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u8005\u306b\u3088\u3063\u3066\u767a\u884c\u3055\u308c\u305f\u652f\u6255\u3044\u7528\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u304c\u542b\u307e\u308c\u306a\u3044\u3053\u3068\u304c\u660e\u78ba\u5316\u3055\u308c\u3066\u3044\u308b\u3002<\/p>\n<p>\u307e\u305f\u3001\u5546\u54c1\u53d6\u5f15\u6cd5\uff08Commodity Exchange Act\uff09\u3092\u6539\u6b63\u3057\u3066\u3001\u7528\u8a9e\u300c\u5546\u54c1\u300d\u306b\u306f\u3001\u8a31\u53ef\u3055\u308c\u305f\u652f\u6255\u3044\u7528\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u8005\u306b\u3088\u3063\u3066\u767a\u884c\u3055\u308c\u305f\u652f\u6255\u3044\u7528\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u304c\u542b\u307e\u308c\u306a\u3044\u3053\u3068\u3092\u660e\u78ba\u5316\u3057\u3066\u3044\u308b\u3002<\/p>\n<h2>3.4 \u30a4\u30f3\u30d5\u30e9\u3068\u3057\u3066\u306e\u6027\u683c<\/h2>\n<p>\u3053\u308c\u306b\u3064\u3044\u3066\u306f\u901a\u8ca8\u4e3b\u6a29\u306e\u89b3\u70b9\u3001\u5bfe\u5916\u7684\u306a\u653f\u7b56\u306e\u5b9f\u73fe\u3068\u306e\u95a2\u4fc2\u304c\u554f\u984c\u3068\u306a\u308b\u3002\u305f\u3060\u3057\u3001Genius\u6cd5\u81ea\u4f53\u306b\u306f\u3001\u5177\u4f53\u7684\u306a\u898f\u5b9a\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u3082\u3063\u3068\u3082\u3001\u7b2c11\u6761(\u652f\u6255\u3044\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u8005\u306e\u7834\u7523\u624b\u7d9a\u306b\u304a\u3051\u308b\u53d6\u6271\u3044)\u306b\u304a\u3044\u3066\u3001<\/p>\n<p>\u8a31\u53ef\u3055\u308c\u305f\u652f\u6255\u3044\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u8005\u306e\u7834\u7523\u624b\u7d9a\u3067\u306f\u3001<\/p>\n<ul>\n<li>\u5f53\u8a72\u767a\u884c\u8005\u304c\u767a\u884c\u3057\u305f\u652f\u6255\u3044\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3092\u4fdd\u6709\u3059\u308b\u8005\u306e\u8acb\u6c42\u6a29\u306f\u3001\u5f53\u8a72\u767a\u884c\u8005\u304a\u3088\u3073\u5f53\u8a72\u767a\u884c\u8005\u306b\u5bfe\u3059\u308b\u4ed6\u306e\u8acb\u6c42\u6a29\u8005\u306b\u5bfe\u3059\u308b\u8acb\u6c42\u6a29\u306b\u512a\u5148\u3059\u308b\u65e8\u304c\u5b9a\u3081\u3066\u3044\u308b\u3053\u3068<\/li>\n<li>\u4e3b\u8981\u306a\u9023\u90a6\u652f\u6255\u3044\u5b89\u5b9a\u30b3\u30a4\u30f3\u898f\u5236\u5f53\u5c40\u306b\u5bfe\u3057\u3001\u8a31\u53ef\u3055\u308c\u305f\u652f\u6255\u3044\u5b89\u5b9a\u30b3\u30a4\u30f3\u767a\u884c\u8005\u306e\u7834\u7523\u624b\u7d9a\u306e\u53ef\u80fd\u6027\u306b\u95a2\u3059\u308b\u8abf\u67fb\u3092\u5b9f\u65bd\u3059\u308b\u3053\u3068\u3092\u7fa9\u52d9\u4ed8\u3051\u3066\u3044\u308b\u3053\u3068(\u8a31\u53ef\u3055\u308c\u305f\u652f\u6255\u3044\u5b89\u5b9a\u30b3\u30a4\u30f3\u767a\u884c\u8005\u306b\u95a2\u3059\u308b\u7834\u7523\u6cd5\u304a\u3088\u3073\u898f\u5247\u306e\u65e2\u5b58\u306e\u6b20\u9665\u306e\u691c\u8a0e\u304c\u542b\u307e\u308c\u308b)\u3002<\/li>\n<\/ul>\n<p>\u306f\u3001\u6ce8\u76ee\u3055\u308c\u307e\u3059\u3002<\/p>\n<h2>3.5 \u60c5\u5831\u901a\u4fe1\u6280\u8853\u306e\u554f\u984c<\/h2>\n<p>\u4fa1\u5024\u304c\u3001\u6a29\u9650\u306a\u304f\u6d88\u5931\uff0f\u6ec5\u5931\u3057\u305f\u308a\u3057\u306a\u3044\u3053\u3068\u3001\u307e\u305f\u306f\u3001\u7b2c\u4e09\u8005\u306b\u5e30\u5c5e\u3057\u305f\u308a\u3057\u306a\u3044\u3053\u3068\u3001\u306b\u3064\u3044\u3066\u306f\u3001\u7b2c10\u6761(\u652f\u6255\u3044\u7528\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u4e88\u5099\u91d1\u304a\u3088\u3073\u62c5\u4fdd\u306e\u4fdd\u7ba1)\u306b\u304a\u3044\u3066\u3001\u8a31\u53ef\u3055\u308c\u305f\u652f\u6255\u3044\u7528\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u4e88\u5099\u91d1\u3001\u8a31\u53ef\u3055\u308c\u305f\u652f\u6255\u3044\u7528\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u3092\u62c5\u4fdd\u3068\u3057\u3066\u4f7f\u7528\u3059\u308b\u3001\u307e\u305f\u306f\u8a31\u53ef\u3055\u308c\u305f\u652f\u6255\u3044\u7528\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u306e\u767a\u884c\u306b\u7528\u3044\u3089\u308c\u308b\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30ad\u30fc\u306e\u4fdd\u7ba1\u307e\u305f\u306f\u7ba1\u7406\u30b5\u30fc\u30d3\u30b9\u3092\u63d0\u4f9b\u3059\u308b\u4e8b\u696d\u306b\u95a2\u3059\u308b\u57fa\u6e96\u3092\u5b9a\u3081\u308b\u3053\u3068\u304c\u5b9a\u3081\u3089\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u7b2c12\u6761(\u76f8\u4e92\u904b\u7528\u6027\u57fa\u6e96)\u306b\u304a\u3044\u3066\u306f\u3001\u4e3b\u8981\u306a\u9023\u90a6\u652f\u6255\u3044\u5b89\u5b9a\u30b3\u30a4\u30f3\u898f\u5236\u5f53\u5c40\u306b\u5bfe\u3057\u3001\u56fd\u7acb\u6a19\u6e96\u6280\u8853\u7814\u7a76\u6240\uff08NIST\uff09\u3001\u305d\u306e\u4ed6\u306e\u95a2\u9023\u3059\u308b\u57fa\u6e96\u8a2d\u5b9a\u6a5f\u95a2\u3001\u304a\u3088\u3073\u5dde\u653f\u5e9c\u3068\u5354\u529b\u3057\u3066\u3001\u8a31\u53ef\u3055\u308c\u305f\u652f\u6255\u3044\u5b89\u5b9a\u30b3\u30a4\u30f3\u306e\u76f8\u4e92\u904b\u7528\u6027\u304a\u3088\u3073\u4e92\u63db\u6027\u306b\u95a2\u3059\u308b\u57fa\u6e96\u3092\u691c\u8a0e\u3059\u308b\u3053\u3068\u3092\u6c42\u3081\u3066\u3044\u307e\u3059\u3002<\/p>\n<h2>3.6 \u898f\u5236\u306e\u67a0\u7d44<\/h2>\n<p>\u67a0\u7d44\u3068\u3057\u3066\u306f\u3001<\/p>\n<ul>\n<li>\u9023\u90a6\u652f\u6255\u3044\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u8005<\/li>\n<li>\u5dde\u8a8d\u5b9a\u652f\u6255\u3044\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u8005<\/li>\n<\/ul>\n<p>\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u9023\u90a6\u652f\u6255\u3044\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u8005\u306b\u5bfe\u3059\u308b\u898f\u5236\u306f\u3001\u7b2c6\u6761\u3001\u5dde\u8a8d\u5b9a\u652f\u6255\u3044\u30b9\u30c6\u30fc\u30d6\u30eb\u30b3\u30a4\u30f3\u767a\u884c\u8005\u306b\u5bfe\u3059\u308b\u898f\u5236\u306f\u3001\u7b2c7\u6761\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<h1>4 \u307e\u3068\u3081<\/h1>\n<p>\u3053\u308c\u3092\u56f3\u793a\u3059\u308b\u3068\u3001\u3053\u306e\u3088\u3046\u306b\u306a\u308b\u304b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p><a href=\"https:\/\/itresearchart.biz\/?attachment_id=5396\" rel=\"attachment wp-att-5396\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-5396\" src=\"https:\/\/i0.wp.com\/itresearchart.biz\/wp-content\/uploads\/2025\/09\/20250912GeniusAct03.jpg?resize=644%2C483&#038;ssl=1\" alt=\"\" width=\"644\" height=\"483\" srcset=\"https:\/\/i0.wp.com\/itresearchart.biz\/wp-content\/uploads\/2025\/09\/20250912GeniusAct03.jpg?resize=644%2C483&amp;ssl=1 644w, https:\/\/i0.wp.com\/itresearchart.biz\/wp-content\/uploads\/2025\/09\/20250912GeniusAct03.jpg?resize=300%2C225&amp;ssl=1 300w, https:\/\/i0.wp.com\/itresearchart.biz\/wp-content\/uploads\/2025\/09\/20250912GeniusAct03.jpg?resize=768%2C576&amp;ssl=1 768w, https:\/\/i0.wp.com\/itresearchart.biz\/wp-content\/uploads\/2025\/09\/20250912GeniusAct03.jpg?w=960&amp;ssl=1 960w\" sizes=\"(max-width: 644px) 100vw, 644px\" 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