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Japan’s FSA backs joint stablecoin initiative by nation’s top banks

Japan’s financial regulator has launched a “Payment Innovation Project” backing a joint initiative by major banks and corporations to issue yen-based stablecoins.

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Archive context

Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Japan’s FSA backs joint stablecoin initiative by nation’s top banks

Japan’s financial regulator has launched a “Payment Innovation Project” backing a joint initiative by major banks and corporations to issue yen-based stablecoins.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cointelegraph

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