Tokyo Metropolitan Government announces the launch of a support plan for companies implementing "Yen-denominated stablecoins" in society, providing subsidies for related expenses such as development of use cases, with a subsidy ratio of 2/3, and a maximum of 40 million yen per project. The application deadline is June 30. The authorities state that they will conduct a comprehensive evaluation based on social significance, innovation, feasibility, future adoption potential, and security and risk management, with particular focus on anti-money laundering mechanisms, user protection, and response strategies in case of incidents or fraud. (Coinpost)

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