TechFlow news, on March 4, according to CoinDesk, SBI VC Trade, a cryptocurrency exchange under Japanese financial giant SBI Group, announced it had completed Japan's first registration as an "electronic payment method transaction business operator" related to stablecoin trading.
Following approval, the company will begin handling USDC, the stablecoin issued by U.S.-based Circle, starting March 12.
However, this function will initially operate in a testing phase, with circulation limited within the group. With this latest approval, SBI VC Trade now holds three licenses: cryptocurrency exchange business, type-one financial instruments business, and electronic payment instruments transaction business.
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