Subsidy focus is on anti-money laundering and user protection; regulatory frameworks are more concerning than technical implementation.

ME News report: On April 18 (UTC+8), Tokyo announced the launch of a corporate support program to support the real-world rollout of “yen-denominated stablecoins” across society. The program provides grants to cover relevant costs such as development for use cases. The subsidy ratio is 2/3, with a maximum of 40 million yen per project. Applications are open until June 30. The official said that a comprehensive evaluation will be conducted across dimensions including social significance, advancedness/leading-edge capability, feasibility, future widespread adoption, and security and risk management, with a particular focus on anti-money-laundering mechanisms, user protection, and response policies in the event of accidents or fraud. (Source: MLion)