SBI VC Trade to Launch USDC Trading in Japan Following Regulatory Shift

Edited by: Yuliya Shumai

SBI VC Trade, a cryptocurrency subsidiary of Japan's SBI Group, announced on March 4 that it has completed its first registration related to stablecoin transactions, paving the way for USDC (USDC) trading. The firm expects to be among the first in Japan to offer USDC trading, with a trial launch for select users planned for March 12 and a full rollout to follow. CEO Tomohiko Kondo confirmed the news, noting SBI VC Trade is the first in Japan to obtain a stablecoin license after Japan lifted the ban on foreign stablecoins in 2023. This development follows the FSA's approval in February of policy changes easing stablecoin regulations.

Read more news on this topic:

Circle to Launch USDC in Japan on March 26, Boosting Asia-Pacific's Digital Currency Market

Circle's USDC Stablecoin to Launch on Japan's SBI VC Trade on March 26

SBI VC Trade Becomes First in Japan to Secure Stablecoin License, Plans USDC Beta Launch

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