Stablecoins in Japan and China, India mulls crypto tax changes: Asia Express
2025/08/22 07:00
Major Asian economies step on the stablecoin throttle, India’s reconsiders punitive crypto tax, and more.
Major Asian economies are accelerating their stablecoin initiatives, with notable moves from Japan and China over the past week.
Japans top financial regulator is reportedly preparing to approve the countrys first yen-pegged stablecoin within the year. The token, issued by fintech startup JPYC, will be backed by liquid assets such as government bonds.
According to finance outlet Nikkei, JPYC is expected to register as a money-transfer business this month and aims to issue 1 trillion yen (about $6.81 billion) worth of stablecoins over the next three years.
Read more
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights
You May Also Like
Here’s How High XRP Price Could Go If BNB Price Hits $3,300
The crypto market has been battling short-term volatility, but not everyone is buying into the fear. Rekt Fencer, founder of X DAO, has just shared his fresh Q4 2025 forecasts, and his numbers for both XRP and BNB are catching attention. According to Fencer, BNB price could climb to between $2,800 and $3,300 before the
Share
Coinstats2025/08/22 09:00
Share
HashKey Chain and GF Securities Launch Hong Kong’s First On-Chain Corporate Note
As included in its partnership with GF Securities, HashKey Chain has announced the issuance and deployment of the city’s earliest tokenized corporate note.
Share
Blockchainreporter2025/08/22 09:30
Share
Intuit (INTU) Stock: Drops 5.5% Despite FY25 Revenue Surge and Record AI Growth
TLDR Intuit Shares Slide 5.5% Despite Record FY25 Growth Across Core Segments AI Expansion Fuels Intuit’s FY25 Gains, But Stock Still Takes a Hit Intuit Revenue Hits $18.8B, Yet FY26 Outlook Triggers Market Jitters TurboTax Live Surges 47%, but Intuit’s FY26 Forecast Rattles Investors Platform Overhaul, AI Push Mark FY25, but Intuit Stock Drops on [...] The post Intuit (INTU) Stock: Drops 5.5% Despite FY25 Revenue Surge and Record AI Growth appeared first on CoinCentral.
Share
Coincentral2025/08/22 08:55
Share