The initiative will focus on USDC circulation within the country's regulatory framework, a banking relationship, and the promotion of Circle’s Web3 services.

The Monetary Authority of Singapore’s real-world asset tokenization and DeFi initiative now counts the U.K. Financial Conduct Authority, Financial Services Agency of Japan, and Swiss Financial Market Supervisory Authority as partners.

Solomon Islands enters CBDC trials with the help of the Government of Japan. The project may be replicated for other island states.

The Japanese central bank has established a working group of 60 companies to gain input into its decision on launching a CBDC from a business perspective.

A new report by Coincub highlights the best and worst countries in which to hold cryptocurrencies, highlighting a new age of national taxation where competition and innovation align.

Datachain, Mitsubishi UFJ Trust and Banking Corporation, and Soramitsu announced a technology alliance to enable smooth transfer and exchange of stablecoins to be issued in Japan.

In collaboration with three Japanese banks, GU Technologies has initiated a proof-of-concept to develop a stablecoin-issuing system for financial institutions. The project will be deployed on the Japan Open Chain, an Ethereum-compatible public blockchain which is fully compliant with Japanese law.

Fumio Kishida, the Prime Minister of Japan, has spoken in support of blockchain as a potential solution for technological issues the country is facing.