Tokyo to Subsidize Companies Using Yen-Denominated Stablecoins

Tokyo has launched a support program for businesses advancing the social implementation of yen-denominated stablecoins, with subsidies covering two-thirds of eligible costs up to ¥40 million per project. Applications are open through June 30. Officials will evaluate proposals based on expected social impact, feasibility, future adoption potential, anti-money laundering measures, user protection, and fraud response policies, adding further detail to the compliance and operational standards attached to the initiative.

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