Japan PM calls out Binance, Mitsubishi UFJ for stablecoins

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Japan PM calls out Binance, Mitsubishi UFJ for stablecoins

The two companies, Binance Japan and Mitsubishi UFJ Trust and Banking Corporation, the biggest financial group in Japan, and Mitsubishi UFJ, the Japanese arm of the world's largest cryptocurrency exchange, are collaborating on the issuance of fiat-pegged stablecoins.

Chino, who speaks fluent English, said: ''Chino'' is a good guy. ''

In a speech in his office on Sunday, Prime Minister Fumio Kishida, who has been in charge of Japan's economy since late 2021, supports digital finance and Web3 adoption in Japan to restore the economy in what he calls 'new capitalism'. The latest technological advancements utilizing blockchain technology, including cryptocurrencies, NFTs, and the metaverse, are known as Web3.

Binance Japan launches with 34 tokens and BNB debuts in the country.