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Japan and Thailand Drive Asian Crypto Adoption with Regulatory Sandbox and Stablecoin Initiatives
Japan and Thailand Drive Asian Crypto Adoption with Regulatory Sandbox and Stablecoin Initiatives
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BTCCSquare news:
Japan's JPYC Inc. plans to issue ¥1 trillion ($6.7 billion) in yen-pegged stablecoins over three years, targeting cross-border payments in a $250 billion global market. The MOVE comes as Nikkei reports growing institutional interest in crypto-based remittances.
Thailand counters tourism declines with a crypto conversion sandbox. Deputy PM Pichai Chunhavajira unveils TouristDigiPay today, allowing visitors to exchange digital assets for baht via regulated "Tourist Wallets." The system will later integrate with traditional payment cards while maintaining strict AML compliance.
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