Kiffmeister’s #Fintech Daily Digest (20220603)

Japan Passes Stablecoin Bill That Enshrines Investor Protection

Japan’s parliament passed a bill that classifies stablecoins as digital money that must be linked to a currency that is legal tender and guarantee holders the right to redeem them at face value. The legal definition means stablecoins can only be issued by licensed banks, registered money transfer agents and trust companies. The new legal framework will take effect in a year, and Japan’s Financial Services Agency will introduce regulations governing stablecoin issuers in coming months. [Read more]

Central African Republic announces plan to tokenize country’s minerals

The Central African Republic (CAR) announced plans to offer tokenized access to mineral resources to crypto and digital asset projects that establish a presence in the country. The natural resource tokenization drive will come under the auspices of Project Sango. In addition to petroleum, CAR possesses cobalt, copper, diamonds, gold, limestone, manganese and rhodium. [Read more]

Upcoming events I’m affiliated with:

The CBDC Think Tank is hosting a CBDC Papers Lecture Series on June 17 and 24 starting at 7am EST and running for 4 hours each day. [View list of papers and register here]