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Stock impact report

Japan government to support big banks' project to issue stablecoins, finance minister says [Yahoo! Finance]

Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG) 
US:NYSE Investor Relations: smfg.co.jp/english/investor
Company Research Source: Yahoo! Finance
Katayama, who also oversees the ?FSA, ?made the comment in a news briefing after a regular ?cabinet meeting. The banking arms of Japan's three largest financial groups - ?Mitsubishi UFJ Financial Group ,? Sumitomo Mitsui Financial Group and Mizuho Financial Group - will jointly issue stablecoins which will be tested for use for cross-border ?payments, MUFG ?said in a release ?on Friday. The FSA will assess whether the service can be ?carried out ?legally and appropriately, it said on Friday. (Reporting by ?Makiko Yamazaki; Writing by Leika Kihara;? Editing by Chris Reese ?and Christian Schmollinger) View Comments Show less Read more
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