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Tokyo launches support program for yen-denominated 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," 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, innovation, feasibility, future adoption, and security and risk management, with a focus on anti-money laundering mechanisms, user protection, and response strategies in case of incidents or fraud. (Source: MLion)
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NoMoreRugs
· 3h ago
Deadline at the end of June, not much time left for companies to prepare.
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