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Crypto

Japan seen as possible launch market for spot XRP ETF

A spot XRP exchange-traded fund could draw large inflows from pension funds and financial institutions and help expand the XRP market if it is approved in Japan, an analysis said. Observers cited Japan’s regulatory overhaul and distribution networks as factors that could support ETF demand and spur broader institutional interest in Asia. Japan’s cabinet has approved a bill to reclassify 105 cryptocurrencies as financial products, with implementation expected in fiscal 2027.

Crypto

Japan FSA to allow overseas trust-type stablecoin payments from June 1

Japan will bring overseas-issued trust-type stablecoins into its domestic payment system. The Financial Services Agency has finalised rule changes allowing such stablecoins to enter payment systems from June 1. Japan will reclassify eligible overseas trust-type stablecoins as electronic payment instruments under the Payment Services Act, if they are subject to regulation equivalent to Japan’s standards. Local intermediaries must verify compliance. The move also comes alongside U.S. legislative debate on stablecoin oversight and interest rules.

Crypto

Stablecoins gain momentum as battle for digital payments ecosystem intensifies

A global contest over digital currencies is gathering pace as stablecoins expand beyond crypto markets into payments and remittances. The United States is moving to fold stablecoins into federal regulation, while the European Union and Japan are taking more restrictive approaches aimed at financial stability. South Korea has begun debating rules for won-linked stablecoins, while the Bank of Korea is pushing ahead with its CBDC and deposit-token pilot, Project Hangang, amid concerns over monetary policy and user protection.