New York authorizes first Yen stablecoin operator in the US
Japanese firm GMO will now be able to offer Yen and dollar-pegged stablecoins to the public in New York. New York has given the first authorization to a stablecoin backed by the Japanese Yen to operate in the U.S.Per a Dec. 29 announcement, the New York Department of Financial Services has granted Japanese firm GMO-Z.com a charter to handle U.S.D. and Yen-backed stablecoins in New York. Given New York's status as a global center, the NYDFS is the most prominent state financial regulator in the U.S. It is also one of the most aggressive. A pass to operate in New York often opens up the rest....
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