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Tokyo launches support program for yen-pegged stablecoin companies

MeNews
ME News Report, April 18 (UTC+8), Tokyo announced the launch of a corporate support program aimed at the practical implementation of "Yen-denominated stablecoins" in society, providing subsidies for development related to use cases. The subsidy ratio is 2/3, with a maximum of 40 million yen per project, applications open until June 30. The official stated that they will conduct a comprehensive evaluation from the perspectives of social significance, advancement, feasibility, future adoption, as well as security and risk management, with a focus on anti-money laundering mechanisms, user protection, and response strategies in case of accidents or fraud. (Source: MLion)
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LanternSlippage
· 57m ago
Focus on anti-money laundering and user protection, indicating that regulators have learned from previous lessons, establishing rules first before development.
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MarginMoth
· 16h ago
This can be considered a substantive step taken by the Japanese government in the stablecoin sector, rather than just watching from the sidelines.
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TwoFactorZen
· 16h ago
I hope this batch of support can produce a few real cases that successfully implement a business model, and not end up as just empty talk.
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0xPeachy
· 16h ago
Compared to other countries, Japan's move is more conservative but solid, consistent with their usual style.
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LintCollector
· 16h ago
MLion's news source should be reliable; let's wait and see the list of the first batch of selected projects.
View OriginalReply0

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