Japan launches JPYC, a regulated yen-pegged stablecoin, live on Ethereum, Avalanche, and Polygon, with full 1:1 redemption into JPY under Japan’s Payment Services Act.
Global crypto policy in late 2025 is shifting towards clearer regulation. The EU's MiCA is phasing in. The US is seeing ETF approvals and stablecoin clarity. India is enforcing AML/taxation while China maintains its ban.
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