Japan aims to launch a stablecoin through a major bank consortium, setting a target of ¥1 trillion by March 2026. Conversely, China has halted private stablecoin initiatives in Hong Kong, emphasizing its monetary control.
Singapore is developing a regulatory environment conducive to stablecoin innovation. Nonetheless, there is a discernible divide among Asian regulators regarding the balance between traditional financial institutions and technological advancements in this sector.
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