Japan
Digital Asset
JPYC CEO: "The ¥1 Million Remittance Cap Is Excessive Regulation — Expect Easing Next Spring"
- JPYC marked its one-year anniversary on October 27, with convenience store chain Lawson running a point-of-sale payment pilot and logistics firm AZ-COM Maru rolling out JPYC as a payment method to about 2,300 partner companies.
- Major partnerships were formed with Sony Bank and LINE NEXT, and JPYC was adopted as a partner currency for Circle's on-chain foreign exchange infrastructure, StableFX.
- JPYC has also been listed on Korean crypto exchanges including Upbit, while CEO Noritaka Okabe calls the current 1 million yen remittance regulation excessive and anticipates easing by next spring.