Japan’s Financial Services Agency has removed the ¥1,000,000 per-transaction ceiling that had limited second-category stablecoin operators since 2023, confirmed on August 24, 2026, while operating the country’s first dedicated Cryptocurrency and Stablecoin Division. The cap, about $6,276 at late-August 2026 rates, applied to licensed second-category Funds Transfer Service Providers under the revised Payment Services Act, including JPYC Inc., and had blocked corporate-scale B2B, treasury and cross-border use. Its removal partially levels competition with cap-free trust bank instruments such as SBI Shinsei Trust Bank’s JPYSC, though trust-law holder protections remain stronger. The new division, announced August 5 and live August 7 under the Asset Management and Insurance Supervision Bureau, consolidates monitoring, innovation and digital-payment planning after a July 15, 2026 FIEA amendment toughened unregistered-exchange penalties. Domestic yen stablecoin infrastructure now spans JPYC’s multi-chain issuance, JPYSC’s June 2026 launch and megabank plans via Progmat for large B2B volume, while foreign tokens such as RLUSD and USDC reach users through licensed intermediaries amid expanded travel-rule coverage.