Summary
- It was reported that JPYC has acquired a money transmitter license from the Financial Services Agency of Japan.
- With this license acquisition, JPYC is expected to accelerate the launch of a yen stablecoin.
- JPYC appears to be preparing for a full-fledged business expansion as the first digital asset business operator to obtain such a license.
Japanese stablecoin issuer JPYC, whose virtual asset value is pegged to legal tender, is showing signs of fully launching its business.
According to Ledger Insights on the 19th (KST), JPYC has become the first digital asset business operator in Japan to acquire a money transfer (remittance) license from the Financial Services Agency of Japan.
Previously, the local media Nikkei reported that JPYC was expected to obtain a remittance license within this month, with the outlook that it would be able to launch a regulated yen-pegged stablecoin by October upon approval from regulatory authorities.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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