On March 4, SBIVC Trade announced that it had completed Japan’s first “electronic payment methods and other commercial agents” related to its registration stable queen transactions. This makes it possible to handle the USDC (USDC).
After receiving full registration, SBIVC Trade has announced that it will become one of the first financial platforms in Japan, offering USDC Cryptoconcy Trade in Japan.
This platform will start piloting USDC trading for some users from March 12, and plans to fully deploy USDC in the near future.
Source: SBI you trade
Japan opens the door to the Stubbone Overseas abroad
On March 4, SBIVC trade president Condo Tomovico revealed the news on the X (formerly Twitter). He said he received a notification from the Head of the Tokyo Finance Office of the Connective Finance Bureau about registration as an electronic payment device, etc.
Condo wrote, “The SBIVC has obtained a license for the so -called Establishment for the first time and freely in Japan,” Kondo added, “We will continue to respond to the US Dollar -affiliated US dollar -connected US Dollar USDC.
This announcement shows significant progress in the regulations of Stabon in Japan. In June 2023, Japan changed its system related to “electronic payment methods, electronic payments, etc., and registration was needed according to the Banking Act and the Banking Act so that stable Queens could be distributed as a business.”
SBIVC Trade CEO Tomovico Condo confirmed USDC Support News on X (translated by Google). Source: Tomovico Condo
In February 2024, it was reported that the Japan Financial Services Agency (FSA) had approved a report from a working group that proposed digestion of stable Queens.
Circle’s founder and CEO Jeremy Elleley emphasized in X, “USDC is the only global stubborn in Japan’s use for use in Japan.” “Congratulations to the SBI, the first company has been allowed to list and distribute the USDC, and in the future, the constituency will continue to expand in Japan.”
Japanese Financial Regulators Stable Quinn Payments
SBI’s stubborn measures were reported on March 4 the same day, when Japan’s financial services agency Director IDO Headky made a statement in support of domestic Establishment transactions.
The Secretary ITO emphasized the role of Establishment in the financial innovation in the “Art/SIM 2025” event, held as part of Japan’s Fantake Week.
The secretary ITO said, “According to Nikki Shimban,” Stabrics are well used to improve transfer and payments, and we hope for their development. “
