Major Asian economies step on the stablecoin throttle, India’s reconsiders punitive crypto tax, and more. Major Asian economies are accelerating their stablecoin initiatives, with notable moves from Japan and China over the past week. Japans top financial regulator is reportedly preparing to approve the countrys first yen-pegged stablecoin within the year. The token, issued by fintech startup JPYC, will be backed by liquid assets such as government bonds. According to finance outlet Nikkei, JPYC is expected to register as a money-transfer business this month and aims to issue 1 trillion yen (about $6.81 billion) worth of stablecoins over the next three years. Read more
Major Asian economies step on the stablecoin throttle, India’s reconsiders punitive crypto tax, and more. Major Asian economies are accelerating their stablecoin initiatives, with notable moves from Japan and China over the past week. Japans top financial regulator is reportedly preparing to approve the countrys first yen-pegged stablecoin within the year. The token, issued by fintech startup JPYC, will be backed by liquid assets such as government bonds. According to finance outlet Nikkei, JPYC is expected to register as a money-transfer business this month and aims to issue 1 trillion yen (about $6.81 billion) worth of stablecoins over the next three years. Read more
Japan’s FSA is set to approve JPYC as the country’s first yen-pegged stablecoin, a move that could reshape demand for Japanese government bonds. Japan’s Financial Services Agency (FSA) is preparing to approve the issuance of yen-denominated stablecoins as early as this fall, marking the first time the country will allow a domestic fiat-pegged digital currency. Tokyo-based fintech firm JPYC will register as a money transfer business within the month and will lead the rollout, Japanese news outlet The Nihon Keizai Shimbun reported on Sunday. JPYC is designed to maintain a fixed value of 1 JPY = 1 yen, backed by highly liquid assets such as bank deposits and Japanese government bonds. After purchase applications from individuals or corporations, the tokens are issued via bank transfer to digital wallets. Read more
Metaplanet has outperformed the Topix Core 30 index year-to-date, a benchmark tracking corporate giants like Toyota, Sony and Mitsubishi. Bitcoin-focused investment company Metaplanet has surged almost 190% year-to-date (YTD), leaving Japan’s largest and most liquid blue-chip companies in its wake. On Wednesday, Metaplanet released its earnings report for the second quarter of 2025. The report showed that the company’s YTD performance dwarfed the 7.2% average gain posted by the Tokyo Stock Price Index (TOPIX) Core 30, a benchmark tracking giants like Toyota, Sony and Mitsubishi Heavy Industries. Metaplanet’s standout performance in 2025 comes amid its aggressive Bitcoin (BTC) pivot, with the Tokyo-listed company expanding its treasury through regular purchases. Read more
SBI Holdings unveiled plans for exchange-traded products, including a gold-crypto ETF and a Bitcoin-XRP dual ETF. Japanese financial giant SBI Holdings plans to launch the country’s first dual-asset cryptocurrency exchange-traded fund (ETF), offering exposure to both Bitcoin and XRP. In its earnings report Thursday, the company outlined plans for two crypto-based ETF products. The first product proposal combines gold and crypto asset ETFs bundled into a trust. According to the company, this would allocate 51% into gold-based ETFs and 49% into crypto-asset ETFs, such as Bitcoin ETFs; this will be publicly offered as an investment trust in Japan. Read more
TOKYO: The Japan Digital Nomad Visa, introduced in 2024, enables remote workers to live and work in Japan for up to six months. To qualify, applicants must be from specific countries, hold a valid passport, earn a minimum of 10 million yen annually (around $62,166 USD), and have private health insurance. This visa suits freelancers, […]