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Arthur Hayes Discusses Japanese Capital Repatriation, Federal Reserve Policy Direction, and AI Capital Mismatch
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Japan Changes Rules for Cryptocurrencies: Spot ETFs Are Closer
Japan has officially equated crypto assets with financial instruments, and now spot ETFs for digital coins have a legal basis for launch. The amendments came into effect on July 15, 2026, and the first such funds in the country are expected no earlier than 2027.
Why Circle is spending $400M to fix the last mile holding stablecoins back from real-world payouts
Circle’s proposed $400M Tazapay acquisition would extend USDC into local payout rails while partner banks retain their own risks and duties.
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