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Japan’s Largest Bank to Support Global Stablecoin Issuance
Top Japanese banking group Mitsubishi UFJ (MUFG) is reportedly holding discussions with stablecoin issuers to have them issue such tokens on the group's blockchain platform. MUFG is also engaging entertainment companies and non-financial businesses on stablecoin projects.The announcement is in conjunction with the implementation of Japan's stablecoin law on June 1. The law enabled the country's licensed financial institutions and registered money transfer agencies to issue stablecoins. However,...
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Posted: Jun 23 2023, 11:25
Author Name: financemagnates
Views: 081167