Starting June 1, JPYC Prepaid will be classified as a “Type 1 Prepaid Payment Instrument” under Japanese law.

On cash flow statements, it will now be treated as cash — equivalent to cash deposits or short-term government bonds under 3 months (confirmed by Japan’s FSA Disclosure Division).

Important update for accounting teams and financial institutions!

Comment from the CEO of Japan’s largest stablecoin issuer. 🇯🇵💴

#Stablecoin #JPYC

From June 1st, JPYC Prepaid will be considered a prepaid payment instrument that falls under Type 1 electronic payment methods.
In the cash flow statement, it will be treated as funds, so accounting personnel and financial institutions, please make the necessary changes!
This is the same treatment as cash, deposits, and cash equivalents such as treasury bills with a maturity of less than 3 months.
(Confirmed by the Corporate Disclosure Division of the Financial Services Agency)

Reference:
https://t.co/RaPBKMwHR2
Thank you for your cooperation.