Japanese Tech Giant Cleared to Launch First Regulated and Publicly Available JPY-Pegged Stablecoin
(PRNewsfoto/GMO Internet Group) NEW YORK, Dec. 29, 2020 /PRNewswire/ -- GMO Internet Inc., the Tokyo-based Internet conglomerate, has won approval from the New York Department of Financial Services to establish a limited purpose trust company, GMO-Z.com Trust Company, Inc. ("GMO Trust") and issue the world's first regulated JPY-pegged stablecoin (Ticker: GYEN). To win approval for the trust, the company had to meet stringent requirements for its cybersecurity programs, as well as meet federal standards for anti-money laundering and economic sanctions. The approval allows the company to launc...
Source: prnewswire.com