News linked to both this project and an event.
According to CoinPost, SBI VC Trade announced on November 2 that the lending balance for its Japanese yen stablecoin JPYSC surpassed 10 billion yen as of that date, while the overall handled balance of JPYSC also exceeded 30 billion yen. The service launched in June 2026, with lending services added in July. The handled balance represents the sum of on-chain balances and lending balances, covering only the VCTRADE service and excluding BITPOINT. JPYSC is issued by SBI Shingun Trust Bank and is Japan's first trust-based Japanese yen stablecoin. Under the Funds Settlement Act, it is classified as an electronic payment instrument, and its legal status differs from that of crypto assets. Lending applications are currently accepted every Thursday, offering three plans: a 168-day term at a 3% annualized rate, an 84-day term at 2.5%, and a 28-day term at 2%. These conditions reflect data as of November 2 and may be adjusted based on subscription status and market conditions, or new subscriptions may be suspended. Early termination is generally not permitted during the lending period, and the funds are not covered by the deposit insurance system.
Odaily reports: Japan's Financial Services Agency (FSA) has published a commissioned research report on overseas financial regulatory systems, totaling 609 pages and authored by the Japanese law firm Atsumi & Sakai. The report covers 8 countries and regions, including the United States, the United Kingdom, the European Union, China, and Hong Kong, and aims to provide reference for Japan's financial system planning and legislation.The report focuses on regulatory frameworks for crypto asset exchanges, stablecoins, and real-world asset (RWA) tokenization across various jurisdictions, including the US GENIUS Act, the EU's MiCA regulation, the UK's stablecoin regulatory proposal, and China's virtual currency and RWA regulations issued in February 2026. The report notes that under China's current rules, domestic RWA tokenized issuance, trading, and related services are in principle prohibited, except for businesses conducted with the consent of competent authorities and relying on specific financial infrastructure. Additionally, the report covers Hong Kong's expansion of the scope of tokenized securities trading and related market regulatory arrangements. (CoinPost)
According to CoinPost, Japan Tax-free announced on October 29 that its refund service “JapanRefund” will begin supporting foreign visitors to receive tax refunds in the Japanese yen stablecoin JPYC starting November 1. Wallet infrastructure is provided by UPBOND, with funds dispatched via Avalanche C-Chain. November 1 also marks the transition to Japan Tax-free’s “refund method” system. Tourists must first purchase goods at tax-inclusive prices. Upon departure, customs verifies that the items are being taken out of the country, after which Japan Tax-free completes the reconciliation process before disbursing funds to the tourists’ wallets. JPYC maintains a 1:1 peg to the Japanese yen and is categorized as an electronic payment instrument under Japan’s Funds Settlement Act, rather than a crypto asset. According to the company, direct deposit to wallets reduces intermediary fees compared to credit card payments or international remittances. All disbursement records are stored on-chain, aiding in the prevention of money laundering and unauthorized claims. Merchants are also relieved of handling tourists’ card numbers or account details. Tourists may retain the received JPYC for expenses on their next trip to Japan, or swap it on-chain for other fiat-pegged stablecoins such as USDC. Delivery times, processing fees, and net credited amounts are subject to the terms of service.
According to CoinPost, the Security and Systems Committee of the Japan Cryptocurrency Business Association (JCBA) announced on October 20 the establishment of a Working Group (WG) on Crypto Asset Custody Management and released a draft of the "Practice Set" detailing security countermeasures for principals. The draft contains 347 items across ten major domains, including governance, personnel and physical security, BCP, and re-delegation management, while listing "Key Management and Signature Operation" as a distinct category. Principal service models are classified into five types: Holding, Intervention, Supply, Reference, and Others, and are accompanied by an Excel-based self-assessment questionnaire and a tracking ledger for verification documents. The JCBA emphasized that generic third-party assurance reports, such as SOC2, fall short in adequately assessing crypto asset-specific risks, particularly those related to private key lifecycle management.
According to CoinPost, Japan’s National Tax Agency officially launched the next-generation core system “KSK2” on September 24, marking the first major upgrade in approximately 25 years. Centered on the My Number system for individuals and corporate identification numbers for entities, the new system enables unified management of personal and corporate data while deploying AI technology to strengthen the detection of fraudulent declarations. Cryptocurrency traders and investors are particularly affected, as annual transaction reports filed by exchanges, bank account deposit and withdrawal records, and Common Reporting Standard (CRS) data shared with overseas tax authorities have all been integrated into the AI’s primary analysis framework. Additionally, social media posts referencing topics such as “cryptocurrency profits” will be cross-referenced with declared data, markedly raising the risk of tax investigations. The agency has simultaneously consolidated cross-sector data linking corporations and individuals, making it easier to identify discrepancies between assets and income for investors purchasing cryptocurrencies through private companies or using gifted and inherited funds. Industry insiders warn that properly safeguarding annual transaction reports and submitting accurate, complete declarations has become an immediate priority.
According to CoinPost, Japanese Prime Minister Sanae Takaichi delivered a video address at the opening ceremony of WebX 2026, reaffirming the government's policy to promote the social implementation of Web3. Prime Minister Takaichi introduced the "Startup Comprehensive Support Package" launched in May 2025, a plan further strengthened based on the "Five-Year Plan for Startup Cultivation," aiming to expand funding supply from the government and financial institutions to startups and accelerate their scaled development. Prime Minister Takaichi stated that WebX, as Asia's largest-scale Web3 summit gathering approximately 15,000 people globally, is an important platform for all parties to equally discuss the future of society and industry and promote business cooperation. She expects synergies between government policies and the WebX platform to drive the continuous development of Japan's innovation ecosystem.
According to CoinPost, Kinexys, the blockchain business unit of JPMorgan Chase, announced on June 29 that it added five currencies—Australian Dollar (AUD), Hong Kong Dollar (HKD), Japanese Yen (JPY), Renminbi (RMB), and Singapore Dollar (SGD)—to its Blockchain Deposit Account (BDA) network. Combined with the existing Euro, Pound Sterling, and US Dollar, it supports a total of 8 currencies, becoming the platform with the most supported currency types in the global blockchain settlement and on-chain foreign exchange sector. BDA operates on JPMorgan Chase's private blockchain, supporting 7x24 hour all-weather settlement and programmable payment functions. Japanese energy giant JERA Global Markets became the first enterprise to adopt the Japanese Yen BDA, used to optimize internal fund flow management and liquidity allocation within the group. Currently, Kinexys has processed cumulative transaction volumes exceeding 4 trillion USD, with daily average transaction volumes surpassing 7 billion USD.
According to CoinPost, Japanese stablecoin issuer JPYC announced the completion of its Series B funding round, raising approximately $32 million. New investors include four institutions, such as Life Design Fund. Since its launch in October 2025, JPYC’s business has grown significantly—reaching 18,000 user accounts and over $220 million in total transaction volume within seven months. JPYC is now supported on four blockchains and has been officially adopted by LINE’s Web3 wallet “Unifi.” The company plans to use the funds to accelerate system development and advance real-world applications of JPYC in AI-powered automated payments and cross-border financial infrastructure.
According to CoinPost, Japan’s Liberal Democratic Party (LDP) Digital Society Promotion Headquarters’ “Next-Generation AI & On-Chain Finance Vision Project Team” released a policy proposal on May 19, advocating the integration of AI and blockchain to automate and enable 24/7 operation of decision-making, financing, and asset management—and designating finance as the “18th Growth Investment Sector.” Specific measures proposed in the document include: advancing tokenization of demand deposits at the Bank of Japan (including wholesale CBDC), with conceptual frameworks to be finalized by year-end; joint issuance of a stablecoin by Japan’s three major banks, targeting the launch of live operations by March next year; and promoting on-chain tokenization of real-world assets (RWAs), such as accounts receivable and real estate. At the international cooperation level, the proposal calls for establishing an “AI & On-Chain Finance Asia Policy Dialogue Framework” and advancing cross-border settlements using yen-denominated stablecoins, thereby realizing the “Global SC Corridor Vision.”
According to CoinPost, Japanese blockchain infrastructure company Nihon Blockchain Kiban has officially decided to issue the trust-based JPY-pegged stablecoin EJPY. The stablecoin is planned to be deployed on Japan Open Chain (JOC) and Ethereum, with the goal of launching issuance and circulation on JOC within fiscal year 2026. The announcement states that the trust-based architecture required for EJPY has achieved phased progress. The company noted that EJPY will primarily serve inter-corporate settlements, digital asset payments, fund transfers, and various Web3 payment use cases, and that it will advance a multi-chain strategy centered on JOC. Specific details—including the actual launch date, issuance terms, partner institutions, and supported blockchains—will be announced separately after consultations with regulatory authorities and relevant organizations and completion of necessary procedures.
According to CoinPost, the Japan Cryptocurrency Business Association (JCBA) officially released the “Best Practices for Crypto Asset Staking Services” guideline on May 7, covering operational requirements, emergency response, information disclosure, compliance management, external audits, and tax accounting—aiming to enhance the security and transparency of domestic staking services.
According to CoinPost, at the “9th BCCC Collaborative Day” held on April 21, 2026, Mr. Shigeharu Shimizu, Chief of the Risk Analysis Division, General Policy Bureau of Japan’s Financial Services Agency (FSA), delivered a special keynote speech revealing significant progress in cryptocurrency regulation. The FSA has submitted a bill to the extraordinary Diet session proposing to transfer cryptocurrency assets from the Payment Services Act to the Financial Instruments and Exchange Act. The bill centers on four key regulatory enhancements: strengthened disclosure requirements, establishment of a new category for independent operators, stricter penalties for unregistered operators, and comprehensive insider trading regulations. Meanwhile, the FSA is advancing three “Payment Innovation Projects (PIPs)” pilot experiments: 1) A cross-border yen stablecoin payment trial involving Japan’s three major banks; 2) On-chain settlement of government bonds, social bonds, and equities using blockchain technology, aiming to enable 24/7 continuous trading; and 3) A bank-to-bank tokenized deposit transfer experiment, which received official support on April 3 this month and will be coordinated with the Bank of Japan’s central bank reserve tokenization sandbox initiative. Mr. Shimizu stated that blockchain holds tremendous potential to enhance the convenience and diversification of financial services, and the FSA will continue advancing institutional development and practical implementation support.