Japan’s Stablecoin Progress: Regulation Leads, Adoption Lags

At the WebX Fintech EXPO held in Osaka last Friday, panelists discussed Japan’s evolving stablecoin landscape, emphasizing the gap between regulatory progress and practical adoption. Participants included Akio Isowa of Sumitomo Mitsui Financial Group, Tatsuya Saito, CEO of Progmat, and Kenta Sakakibara, Circle’s Japan Manager, moderated by Kenta Sakagami, COO/CFO of DeFimans. Japan and US: Contrasting Approaches to Stablecoin Regulation Japan’s financial sector is witnessing growing interest in stablecoins, a digital currency pegged 1:1 to fiat. On August 19, Japan’s Financial Services Agency approved JPYC, the country’s first yen-backed stablecoin, scheduled for formal issuance this fall source: https://beincrypto.com/japans-stablecoin-progress/