Japan's Big Three Banks Launch a Joint Yen Stablecoin by March 2027
MUFG, Mizuho, and SMBC announced a joint yen stablecoin targeting real transactions by March 2027. Here's what the FSA-backed trust model means for Asia.
Asia
Asia by SpazioCrypto explores the crypto and blockchain ecosystem in China, Japan, South Korea, India, Singapore, and other emerging economies on the continent. It covers technological innovations, government regulations, market trends, local exchanges, and startups, offering a detailed picture of the dynamics that make Asia a central driver of global digital finance.
32 Posts
Japan Opens to Foreign Stablecoins and Pushes Yen On-Chain
Japan activated FSA rules for foreign stablecoins on June 1, 2026, while backing yen on-chain for Asian payments. The dollar's dominance over stablecoin rails…
SBI Holdings Targets Bitbank: Japan's Crypto Giant Takes Shape
SBI Holdings filed a letter of intent to acquire Bitbank on May 1, 2026. With SBI VC Trade and Bitpoint already in the fold, Japan's largest crypto group is…
KBank Drops SWIFT for Ripple: Korea's Cross-Border Bet
KBank, South Korea's exclusive Upbit banking partner, signed with Ripple on April 27, 2026. Phase 2 targets UAE and Thailand corridors using Palisade SaaS.
XRP Enters Payments for 44 Million Rakuten Users
XRP is now spendable at 5 million Japanese stores for 44 million Rakuten Pay users, with $23 billion in loyalty points convertible to crypto. Ripple calls it a historic milestone — and the on-chain data backs it up.
HSBC and Anchorpoint Win Hong Kong's First Stablecoin Licences
Hong Kong's first stablecoin licences went to HSBC and Anchorpoint Financial on April 10, 2026 — just 2 approvals from 36 applications. Here's what this means for global digital finance.
Japan Reclassifies Crypto as Financial Instruments Under FIEA
Japan's Cabinet approved a landmark FIEA amendment on April 10, 2026, reclassifying Bitcoin, Ethereum, and XRP as financial instruments — on par with stocks and bonds. A 20% flat tax and insider trading ban are part of the package. Here's what changes from 2027.
Crisis in Indonesia: 72% of exchanges are loss-making despite 20 million users
Despite more than 20 million crypto users, 72% of licensed exchanges in Indonesia are closing 2025 at a loss. Between stringent regulation, global competition and liquidity flight to foreign platforms, the local ecosystem faces an unprecedented structural crisis.
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