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Crypto
SBI Shinsei Bank to launch cryptocurrency reward program
SBI Shinsei Bank, part of Japan\'s SBI Group, plans to launch a cryptocurrency rewards programme for deposit customers this autumn, The Block reported, citing Nikkei. Depositors will receive vouchers equal to 20 percent of interest payments, which can be exchanged for cryptocurrencies including bitcoin, ether and XRP. Customers must open an account with SBI VC Trade. The bank will run a three-month pilot from June 10.
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
Ripple executive says no gap between XRP price and demand as ETF and real use grow together
Ripple rejected claims that XRP\'s price is disconnected from real demand, saying it is expanding both as an investment asset and as financial infrastructure. Senior vice president Markus Infanger (마르쿠스 인팡거) said real-world use is steadily growing alongside investor interest. Ripple cited a rise in tokenised assets on the XRP Ledger to more than $2 billion and said a U.S. spot XRP ETF could boost liquidity and payment efficiency. He also said RLUSD complements, not replaces, XRP.