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Crypto

Japan crypto rules set for major overhaul as FSA says digital finance policy goals met

Japan\'s Financial Services Agency has rated its digital finance policy as having met its goals, citing changes including an overhaul of cryptocurrency regulation and an expansion of stablecoin use. In a performance review covering July 2025 to June 2026, the agency gave its top grade to a category focused on responding strategically to societal changes driven by digitalisation. It highlighted shifting crypto oversight into a financial instruments framework and pursuing tax revisions.

Crypto

21 global financial firms to issue stablecoin; former Ripple executive calls it a familiar scene

A former Ripple executive, Emi Yoshikawa (에미 요시카와), described plans by a 21-bank consortium led by Goldman Sachs and MUFG Bank to launch a dollar stablecoin as a familiar move by banks. She said on X after the announcement that it felt like deja vu. The project draws attention for favoring tighter in-house control over outside blockchain networks. MUFG is also pushing a yen stablecoin payment launch in Japan by March 2027.

Crypto

Why XRP is still needed despite RLUSD arrival, expert says uses are different

Ripple\'s dollar-pegged stablecoin RLUSD cannot replace XRP within the XRP Ledger ecosystem, Digital Ascension Group Chairman Jake Claver said. He wrote that the two assets play different roles even on the same network. XRP functions as a central hub that bridges assets lacking direct liquidity, reducing the number of liquidity pools needed as tokenised assets grow. RLUSD, designed to maintain a $1 value, is suited to dollar-based settlement but may not fit all tokenised asset trades.