JPYC Co., Ltd., which handles the Japanese yen stablecoin “日本円“, is pleased to announce that it will commence joint research in the stablecoin field with ITCENGLOBAL CO., Ltd., a major Korean IT company. This initiative aims to be an opportunity to explore the possibilities for the future development of Japan-Korea stablecoins.
As countries around the world move forward with the development of systems related to digital assets, including stablecoins, Japan has established a legal framework for stablecoins and has begun full-scale efforts aimed at practical operation. Meanwhile, in South Korea, there is also a great deal of interest in the digital asset field, including stablecoins and RWAs (Real World Assets) backed by real assets such as gold, and the government and related organizations are conducting studies and discussions to design systems and develop markets.
In recent years, South Korea has been paying close attention to the future progress of its “Digital Asset Basic Act,” which will include provisions for the issuance of stablecoins. Currently, the ruling Democratic Party of Korea’s Digital Asset Task Force (TF) is conducting full-scale discussions based on a report from the Financial Services Committee, accelerating its consideration of system design. This movement can be seen as one of the important initiatives driving the development of digital finance in Asia.
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While Japan already has institutionalized knowledge, Korea is in the midst of a phase of policy consideration and growing industrial interest. It is therefore highly significant for key players from both Japan and Korea to share their respective positions and experiences and deepen mutual understanding. In particular, the exchange of opinions on legal matters, system design, and practical operations is likely to provide valuable insights for considering the sound use of stablecoins in the future.
The purpose of this joint research project is to bring together experts and practitioners from Japan and Korea to engage in constructive discussions on the institutional perspectives and practical issues surrounding stablecoins. Research will also be conducted in the context of RWA, which applies to digital assets such as gold, with the aim of providing an opportunity to explore the sustainable development of stablecoins and digital assets in Asia and the potential for cross-border collaboration.
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