Tokyo, Japan launches subsidy for yen stablecoin application: up to 40 million yen per project

Crypto Mars News: On April 18, Japan’s Tokyo Metropolitan Government announced the launch of a corporate support program aimed at the practical implementation of “Yen-denominated stablecoins.” The program provides subsidies for related expenses such as use case development, with a subsidy ratio of 2/3. The maximum subsidy per project is 40 million yen, and applications are open until June 30. The authorities stated that they will conduct a comprehensive assessment from multiple dimensions including social significance, technological advancement, feasibility, future adoption potential, and security and risk management. They will particularly focus on anti-money laundering mechanisms, user protection, and response strategies in case of incidents or fraud. (Coinpost)

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