#yenbacked

Crypto in Japan | Yen-backed Stablecoin in the Works

Japan just received some crypto-positive news, as a Chinese blockchain company just unveiled it’s working on a yen-backed cryptocurrency. Crypto in Japan has always been widely accepted, but it is quite the opposite in China—the country went as far as to create its own cryptocurrency firewall.

The South China Morning Post reportedthis morning that Grandshores Technology Group is planning on…