Three Japanese banks to issue compliant stablecoins on ‘Japan Open Chain’
The Japanese banks are expected to issue legally backed stablecoins that can be used in Ethereum wallets like MetaMask.
News on licensing, investor protection, CBDC research, and Japan’s maturing crypto markets.
The pilot program aims to test the technical feasibility not fully covered by the PoCs and onboard the private sector.
The two biggest creditors are expected to take payment in BTC in Sept. 2023.
The impact of the FTX meltdown has outstripped the crypto ecosystem and leeched into the mainstream tech industry and beyond.
The exchange said leaving Japan is part of its restructuring process that will help it weather the bear market.
A top official says the U.S. and Europe should closely supervise crypto firms.
Due to Japan's liberal regulations, the crypto market in the country has a lot of potential, according to Monex's CEO.