JPYC, the issuer of a Japanese yen-pegged stablecoin, has raised ¥500 million (about $4.43 million) in a Series A round led by Headline Asia with participation from Circle’s Circle Ventures fund in the latter’s initial capital deployment.Tokyo-based JPYC issues the stablecoin as a prepaid payment instrument in Japan. The company plans to use the funding round to strengthen its … [Read more...] about Circle’s New VC Fund Backs $4.4M Round for Japanese Yen-Pegged Stablecoin Issuer
Circles
IRS gets access to crypto exchange Circle’s user data, targets Kraken next
Shortly after getting a court authorization to obtain records of cryptocurrency exchange Circle’s customers, the US Internal Revenue Service (IRS) is now seeking to get access to similar data from trading platform Kraken.“Those who transact with cryptocurrency must meet their tax obligations like any other taxpayer,” said acting assistant attorney general David Hubbert of the … [Read more...] about IRS gets access to crypto exchange Circle’s user data, targets Kraken next