Upbit to list JPYC, Circle's Arc mainnet goes live, and SBI partners with Kyobo Life for cross-border remittances

Upbit is set to list the Japanese yen stablecoin JPYC, along with PayPal's PYUSD. Circle has launched its L1 blockchain 'Arc' to the public, minting 10 billion ARC tokens. Additionally, SBI and Kyobo Life Insurance are conducting a pilot for Japan-Korea remittances using stablecoins. Other updates include the discontinuation of IZAKA-YA's services for Japanese residents, the UK FCA's new guidance on crypto regulations, and the US House committee's advancement of two bills concerning Bitcoin reserves and crypto taxation.