(Excerpt)
(Friday, June 26, 2026, ９:32 am to ９:43 am)
- Q.
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On the 24th, the SBI Group announced the issuance of Japan’s first trust-type stablecoin. At the same time, in order for stablecoins to be used more broadly going forward, there are areas where the treatment and development of relevant laws and regulations, including the tax system, will need to be addressed. Could you share your view on the issuance and, as the minister responsible, your thoughts on future responses and the development of the relevant institutional framework?
- A.
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The SBI Group has already made its announcement, and I view this as a very positive initiative, especially given that Japan needs to be at the forefront of this global trend. This is Japan’s first trust-type yen-denominated stablecoin, and I regard it as a truly landmark initiative that is expected to contribute to the advancement of payment services and to enhancing the usability of tokenized financial products. As you pointed out, I understand that some matters remain for which the treatment needs to be clarified, particularly on highly technical points. The Financial Services Agency intends to provide steady support, including from an institutional perspective, for this initiative, which we see as one that will help drive innovation in areas such as the advancement of payment services through on-chain finance. As for other technical matters, I have just explained my position as Minister of State for Financial Services. In my capacity as Minister of Finance, detailed tax matters fall under my purview, so I would ask that you check those specific points with the relevant officials.
