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Crypto

Japan moves to allow spot crypto ETFs; could Shiba Inu benefit from regulatory easing?

As Japan moves to fold cryptocurrencies into its regulated financial products framework, Shiba Inu (SHIB) may benefit in the local market. The shift includes transferring oversight from the Payment Services Act to the Financial Instruments and Exchange Act and could ease tax burdens while strengthening investor protection and trading rules. Plans to create a legal basis for crypto exchange-traded funds are also advancing. Shiba Inu has already entered Japan’s regulated distribution channels and is traded on major platforms.

Crypto

Circle, Nomura consider stablecoin for Japanese corporate FX settlements

Stablecoin issuer Circle and Japan\'s largest investment bank Nomura are reported to be considering a stablecoin-based foreign exchange settlement service for Japanese companies as early as 2027. The structure under review would convert yen into a dollar-denominated stablecoin for cross-border transactions to speed settlement and cut delays caused by bank hours and time differences. The report comes as Japan expands stablecoin infrastructure and advances crypto regulatory reforms.

Crypto

SBI VC Trade launches RLUSD service, Japan\'s first fourth-category electronic payment instrument

SBI VC Trade, a unit of Japan’s SBI Holdings, has started handling RLUSD, a dollar-based stablecoin promoted by Ripple. CoinPost reported RLUSD is Japan’s first fourth-category electronic payment instrument. RLUSD is issued by Ripple subsidiary SCTC and approved by the New York State Department of Financial Services. SBI VC Trade will initially support Ethereum only, with free deposits and withdrawals, and set a 1 million yen cap per transaction for trading orders and withdrawals.