Japan's Financial Services Agency (FSA) announced to get approval for its first yen-pegged stablecoin, JPYC. This stablecoin will be tied 1:1 to the Japanese yen and backed by highly liquid assets, including bank deposits, Japanese government bonds, etc. Tokyo-based fintech firm JPYC is anticipated to complete its registration as a money transfer business within the month, enabling the token to be issued via bank transfers or stored in digital wallets for both individual as well as corporate users.
The launch of JPYC will advance financial autonomy by lowering Japan's dependency on U.S. dollar-denominated stablecoins. A broadly adopted yen stablecoin could also serve as a catalyst for blockchain-based advancements, such as cross-border trade, decentralized finance (DeFi) applications, as well as efficient digital settlement systems.
At the same time Thailand plans crypto payment Sandbox for tourists, driving the crypto market into a frenzy. Foreigners can convert their crypto into Thai baht with the launch of Thailand’s TouristDigiPay initiative.
The Deputy Prime Minister and Finance Minister, Pichai Chunhavajira, will do the final statement for the announcement.
The program will function under strict regulatory oversight to prevent the direct use of cryptos as payment methods and ensure alignment with the Anti-Money Laundering and Counter-Terrorist Finance Ordinance’s (AMLO) criteria.
Inexperienced crypto enthusiasts can use Best Wallet, a free and user-friendly platform with an intuitive UI and a host of helpful features.
Japan working together with Thailand in the crypto sector is enabling visible ripples in the industry, providing the scope of the projects.
The Best Wallet Token ($BEST) presale has earned nearly USD 15 million, with the token currently priced at USD 0.025495, marking it as one of the most successful presales of 2025.
These developments notify a significant shift towards the utilization of digital currencies in both Japan and Thailand, with regulatory frameworks being established to ensure secure and efficient integration into their respective economies.
