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Japan Post Bank's Digital Yen Initiative: Japan Post Bank plans to launch a digital currency called "DCJPY" by the end of fiscal 2026, which will allow depositors to convert yen into a blockchain-based currency for instant transactions and asset purchases, fully backed by fiat yen.
Regulatory Developments in Japan and the U.S.: Japan is moving towards approving its first yen-denominated stablecoin and revising its tax code for cryptocurrency, while the U.S. has enacted the GENIUS Act for stablecoin regulation and passed a bill to prevent the Federal Reserve from issuing a digital dollar.
