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.
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