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Search results for April 1

Crypto

XRP Ledger trading concentrates in fewer accounts as per-account volume triples

Trading on the XRP Ledger became more concentrated in fewer accounts over the past year, a report showed. Daily trading accounts on the decentralised exchange order book fell to 1,111 from 1,864, while average daily volume per account rose about threefold to 3,217 XRP. Average daily order-book volume climbed 79 percent to 3.57 million XRP, and its share of total DEX trading rose to 81 percent. The report also cited growth in RLUSD and net inflows into U.S. XRP spot ETFs.

Finance

Shinhan Financial to support up to 3 million won for young people repaying microfinance loans

Shinhan Financial Group is launching an asset-building support programme that refunds part of loan repayments to customers who repay youth loans from the Shinhan Miso Microfinance Foundation without delinquency. Applications for the \"asset-building support payment\" will be accepted from Sept. 4 through the foundation. Eligible borrowers are those who took out \"Youth Future Link\" or \"Youth Operating Funds\" loans from April 1 and remain current. The programme provides up to 3 million won.

Crypto

Japan FSA seeks tax filing exemption for trust-type stablecoins, aims for 2027 rollout

Japan’s Financial Services Agency has asked for trust-type stablecoins to be exempted from tax filing obligations from fiscal 2027. The request seeks to abolish requirements to submit beneficiary-by-beneficiary trust reports and statements that include names and income information. The agency said the framework does not match how such stablecoins circulate and are used, noting they are frequently traded and do not generate income from simple holding. Any change would require legislative approval.