Japan's Ruling Party Supports Crypto ETF Trading, Yen-Based Stablecoins
The proposal would let investors access crypto through ETFs and support yen-pegged stablecoins as policymakers seek to draw institutional capital.
- On Monday, the Liberal Democratic Party submitted a proposal to Finance Minister Satsuki Katayama urging Japan to establish a legal framework for trading cryptocurrency exchange-traded funds .
- Japan would join major markets like Hong Kong by authorizing these products, which the LDP proposal noted "would provide investors with easy-to-understand ways of investment" while attracting institutional capital.
- Lawmaker Junichi Kanda said the panel also urged the government to "promote yen stablecoins for settlement in Asia in the future," positioning Japan to showcase blockchain innovation at the Asian Development Bank's meeting next year.
- Policymakers worry that the $315 billion market, currently dominated by dollar-pegged tokens, could circumvent regulated banking systems, prompting calls for Japan to develop domestic alternatives like stablecoins.
- The Financial Services Agency , overseen by Katayama, has been promoting domestic blockchain innovation, including experiments by major Japanese banks to jointly issue stablecoins as part of broader digital asset regulation.
12 Articles
12 Articles
Japan’s Ruling Party Pushes Crypto ETFs, Yen-Denominated Stablecoins
A group of lawmakers within Japan’s Liberal Democratic Party (LDP) are seeking reforms to the country’s cryptocurrency taxation system, as well as support for initiatives for the development and adoption of yen-denominated stablecoins. According to a Monday Nada News report, the LDP’s Parliamentary Association for the Promotion of Blockchain delivered recommendations to Finance Minister Satsuki Katayama, including provisions on stablecoins, exch…
Japan must promote yen stablecoins in Asia, ruling party panel says
Japan Lawmakers Push Crypto Tax Reform and Yen Stablecoin Support
Why Are Japan’s Lawmakers Pushing Crypto Reform Now? A group of lawmakers within Japan’s Liberal Democratic Party is seeking changes to the country’s cryptocurrency tax system and stronger support for yen-denominated stablecoins, as Japan looks to keep pace with global digital asset rules. The party’s Parliamentary Association for the Promotion of Blockchain delivered recommendations to Finance Minister Satsuki Katayama on Monday. The proposals …
Japan's ruling party pushes crypto ETFs and yen stablecoins
Japan’s Liberal Democratic Party handed Finance Minister Satsuki Katayama a proposal on Sunday. The LDP party asked to build a legal framework for cryptocurrency ETF trading and get yen stablecoin payments across Asia. The document was sent by the LDP’s blockchain promotion panel. It talks about crypto ETFs as a simple investment instrument, easier to deal with than holding crypto directly. LDP members believe crypto ETFs should be officially ac…
Japan Moves Toward Crypto ETF Rules After LDP Submits Proposal to Finance Ministry
TL;DR Japan’s ruling Liberal Democratic Party (LDP) has submitted a proposal urging the government to establish a legal framework for cryptocurrency ETFs. The initiative also calls for stronger support for yen-backed stablecoins as part of the country’s broader blockchain strategy. If adopted, the measures could align Japan with major financial centers such as the United States and Hong Kong while expanding regulated access to digital assets fo…
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