TOKYO, May 14 (Pulse News Wire) – FISCO Ltd. (3807.T) decided to cancel its planned burn of non-circulating coins and end various value-up measures aimed at promoting the utilization of its cryptocurrency, FISCO Coin (FSCC).
At a board meeting held today, FISCO resolved to terminate several initiatives designed to enhance the utility and circulation of FSCC, which was launched based on the whitepaper published on December 22, 2021. These measures included services such as selling settlement-related content on CLUB FISCO and ending the ability to exchange points earned through the “Learn to Earn” feature on FISCO’s website into FSCC. Additionally, the company has decided to halt future development and provision of new value-added policies, expansion strategies, and related services for FSCC moving forward.
In light of the discontinuation of the blockchain and crypto asset business segment, effective from the first quarter of the fiscal year, and considering the changing market environment and increasing regulatory costs, FISCO concluded that continuing the previously planned burn of up to the consolidated operating profit for the fiscal year ending December 2025 would no longer support the intended growth of FSCC's user base and continuous usage opportunities. This decision does not affect existing holders' management of FSCC in wallets or immediate handling by cryptocurrency exchanges. However, it marks a significant shift in FISCO's approach towards its digital asset strategy.
The impact on FISCO's performance for the fiscal year ending December 2026 is expected to be minor.
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