News

USDC stablecoin receives approval for use in Japan

USDC, the stablecoin issued by Circle, has been approved for use in Japan and is set to launch officially on March 26. The decision follows the approval granted on March 4 to SBI VC Trade, a subsidiary of the Japanese financial conglomerate SBI Holdings, by the Japan Financial Services Agency (JFSA) for listing USDC under the stablecoin regulatory framework.

Circle has announced plans to expand USDC’s availability in Japan by listing it on Binance Japan, bitbank, and bitFlyer. Bitbank and bitFlyer are among Japan’s largest crypto platforms, with daily trading volumes exceeding $25 million and over 1.85 million monthly visits.

Obtaining approval was the result of two years of negotiations between Circle, regulatory authorities, and banking partners. SBI Holdings CEO Yoshitaka Kitao stated that the launch of USDC will enhance financial accessibility and drive innovation in Japan’s digital sector.

Read next

OpenSea cere SEC clarificari privind reglementarea pietelor NFT

OpenSea cere SEC clarificari privind reglementarea pietelor NFT

OpenSea, una dintre cele mai mari platforme pentru tranzactionarea tokenurilor nefungibile (NFT), a transmis o solicitare oficiala catre Comisia pentru Bursa si Valori Mobiliare a Statelor Unite (SEC), cerand ca pietele de NFT sa fie excluse de la reglementarile prevazute de legislatia valorilor mobiliare. Scrisoarea a fost adresata pe 9

OpenSea Asks SEC for Clarification on NFT Regulation

OpenSea Asks SEC for Clarification on NFT Regulation

OpenSea, one of the largest non-fungible token (NFT) marketplaces, has formally submitted a request to the U.S. Securities and Exchange Commission (SEC) to exempt NFT platforms from federal securities regulations. The letter was addressed on April 9 to Commissioner Hester Peirce, who heads the SEC’s Crypto Task Force.

China Sells Seized Bitcoin Through Private Firms, Dodging Crypto Ban

China Sells Seized Bitcoin Through Private Firms, Dodging Crypto Ban

Local governments in China are turning to private companies to sell confiscated cryptocurrencies, bypassing the country’s ban on digital asset trading. This practice arises amid a legislative void that lacks clear guidelines for managing seized crypto assets, leading to non-transparent and risky approaches. According to Reuters, local authorities sold