After completing registration, SBI VC Trade plans to begin its first USDC stablecoin transactions on March 12, offering access to a limited group of users.
SBI Holdings has become the first company in Japan to receive approval as an Electronic Payment Instruments Business Operator, according to a recent press release by the company on March 4, 2025.
After completing registration, SBI VC Trade plans to begin its first USDC stablecoin transactions on March 12, offering access to a limited group of users.
This new registration, which was granted by the Kanto Regional Financial Bureau’s Tokyo office and announced on Saturday, March 4, marks a significant step forward in integrating stablecoins into Japan’s financial system. The approval allows the company to handle USD Coin (USDC), a well recognized cryptocurrency pegged to the US dollar.
On June 1, 2023, a regulation was put in place for businesses distributing electronic payment instruments tied to fiat currency in Japan that they must register under the Banking Act and Fund Settlement. This regulation was covered in an earlier report by CC
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
