TOKYO -- Japan's Financial Services Agency will approve the issuance of the nation's first yen-denominated stablecoin as early as autumn, with the aim of using it for international remittances and more, Nikkei has learned.
Cryptocurrencies
Japan to greenlight first yen-based stablecoin
Fintech firm JPYC aims to issue roughly $7bn of the new cryptocurrency over 3 years
Japan's Financial Services Agency will allow JPYC to issue a cryptocurrency fully backed by the yen. (Source photos by Nikkei)
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