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Japan’s JPYC launches country’s first yen-denominated stablecoin

Japan’s JPYC launches country’s first yen-denominated stablecoin

Japanese fintech firm JPYC Inc. said it has launched the country's first legally recognized yen-denominated stablecoin, JPYC. Trading began on Monday, local time.JPYC Inc. said in a press release that it starts issuing the JPYC token on Monday alongside launching its dedicated issuance and redemptio…

South Korea Moves to Regulate Won-Based Stablecoin with New FSC Bill

South Korea Moves to Regulate Won-Based Stablecoin with New FSC Bill

South Korea’s Financial Services Commission (FSC) is all set to unveil a new bill in October aimed at regulating won-denominated stablecoins, Money Today reported. The bill is part of the second phase of the Virtual Asset User Protection Act, and will set rules for issuance, collateral management, a…

Japan Set to Approve First Yen-Backed Stablecoin

Japan Set to Approve First Yen-Backed Stablecoin

Japan is poised to take a decisive step in digital finance. According to recent reporting, the Financial Services Agency (FSA) could approve the country’s first yen-pegged stablecoin as early as fall 2025, reflecting Japan’s strategy to modernize payments while maintaining strict regulatory oversigh…