Japan's First Stablecoin Issuer Licensed, Paving the Way for a Compliant Yen-Backed Stablecoin
According to a report by Jinse Finance, Ledger Insights has revealed that Japanese stablecoin issuer JPYC has become the first company in Japan to obtain a “Funds Transfer Service Provider” license. This marks the first time such a license has been granted to a digital currency issuer. Previously, Nikkei News reported that JPYC was expected to receive approval this month and may launch a compliant yen stablecoin in October.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
IRS Official Trish Turner Steps Down to Become Tax Director at Crypto Tax Group (CTG)
Ondo Finance Announces Launch of Tokenized Stocks on September 3
Total Cryptocurrency Market Cap Surpasses $4.1 Trillion Again
Powell’s Dovish Tone Resonates, Probability of a 25 Basis Point Fed Rate Cut in September Rises to 85.2%
Trending news
MoreCrypto prices
More








