Cryptocurrency, the Japanese SBI Financial Company, is preparing to offer support to Circle USDC Stablecoin, while local organizers have diluted Stablecoin.
On March 4, SBI VC Trade Declare Complete the first registration related to Stablecoin transactions, allowing the company to start processing USDC (USDC) transactions.
After getting full registration, you expect the SBI VC Trade to become one of the first financial platforms in Japan to submit the cryptocurrency trading in USDC, the advertisement indicated.
The Basic System plans to launch a USDC commercial experience chosen on March 12 and expects USDC to start widely start in the near future.
source: SBI You are trading
Japan opens to stablecoins abroad
Tomohiko Condo, CEO of SBI VC Trade Trade, to X on March 4 Ensure The news, which reported that the platform had received a notification from the Kanto Regional Office in Tokyo regarding the registration of the electronic payment tools operator.
“SBI VC has become the first and only company in Japan gets a license for the so -called Stablecoin,” adding that the company will continue to work on full USDC support.
Tomohiko Kondo, CEO of SBI VC Trade, confirmed USDC support on X (translated by Google). Source: Tomohiko Kondo
SBI VC Trade's news was a major development in the Stablecoin regulations in Japan after the country lifted the ban on foreign Stablecoins in 2023.
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In February, it is said that the Japanese Financial Services Agency (FSA) consent A report from a working group recommends policy changes to reduce the regulations related to the two -related regulations.
The Japan organizer supports Stablecoin level
Stablecoin's latest moves at SBI came on the same day as the Commissioner of the Financial Services Agency expressed the day that Hideki ITO expressed his support for Stablecoin's transactions in Japan.
Speaking at the Fin/Sum 2025 event during the Japanese Fintech week on March 4, ITO highlighted the role of Stablecoins in financial innovation.
Financial Services Commissioner Hideki ITO at Fintech Japan Week. source: Fin/sum2025
“Stablecoins is used properly for the development of transfers and settlement. I hope it will be done,” stated in the letter, According to To a report issued by the local news agency Nikki.
Regardless of Circle, SBI VC Trade and its mother company, SBI, have been closely with other major companies in the United States, such as Ripple.
Current currencies supported on SBI VC trade. Source: SBI VC Trade
At the time of writing this report, SBI VC Trade Support A wide range of cryptocurrencies on its website, including Bitcoin (BTC), Ether (BTC), XRP (XRP) and others.
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