Japan's FSA to Support Country's 3 Largest Banks in Stablecoin Issuance

Japan's FSA to Support Country's 3 Largest Banks in Stablecoin Issuance

Japan's financial regulator said the venture will see MUFG, SMBC and Mizuho explore the joint issuance of a stablecoin as an electronic payment instrument.

Japan's FSA to Tighten Crypto Lending and IEO Rules

Japan's FSA to implement stricter crypto lending and IEO regulations by 2025.

Japan’s Top Banks Team Up to Test Stablecoin Backed by National Regulator

The Financial Services Agency (FSA) has approved a pilot program that brings together the country’s three biggest banks, Mizuho Bank, MUFG, and Sumitomo Mitsui Banking Corporation (SMBC), to test a jointly issued stablecoin.Digital assets meet tradfi in London at the fmls25Backed by Japan’s Payment RegulatorThe FSA confirmed on Friday that it will supervise the stablecoin trial as part of its newly launched Payment Innovation Project (PIP). The …

Stablecoin Initiative Backed by Japan’s FSA and Major Banks Gains Traction

Stablecoin initiative launched as Japan’s FSA began the “Payment Innovation Project.” Major banks collaborate to modernize settlements using blockchain technology. Over 300,000 corporate clients to benefit from Japan’s digital finance expansion. Stablecoin development in Japan occurred with the introduction of the Financial Services Agency (FSA) initiative, the so-called Payment Innovation Project. The project encourages the cooperation of the t…

Japan FSA backs major banks' yen stablecoin initiative

The Japan FSA announced that they have launched an initiative to support the yen-based stablecoin joint venture started by the country’s major banks. According to a recent press release, the financial agency has launched the Payment Innovation Project as a…

Japan Regulator to Support Country's 3 Largest Banks in Stablecoin Issuance

The Japanese Financial Services Agency (FSA) said it will support the country’s three largest banks in developing a proof-of-concept for issuing a stablecoin. Japan’s financial regulator said the venture will see Mitsubishi UFJ Financial Group (8306), Sumitomo Mitsui Financial Group (8316) and Mizuho Financial Group (8411) explore the joint issuance of a stablecoin as an... The post Japan Regulator to Support Country’s 3 Largest Banks in Stablec…