'Japan Open Chain' will see three large banks test stablecoin payments

'Japan Open Chain' will see three large banks test stablecoin payments Japan JapanOpenChain blockchain

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"We will conduct an experiment to confirm that each bank can issue its own stablecoin that can be used in Ethereum wallets such as MetaMask while complying with the Payment Services Act," the companies said. The launch of this new experiment is the latest sign that the FSA is gearing up to allow stablecoins in the Japanese crypto market as long as they meet specific regulatory standards.

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