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.
15 Articles
15 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 Eyes Crypto ETFs and Yen Stablecoins as $320B Digital Asset Race Heats Up
Key Takeaways: Japan is continuing its crypto ETF and digital asset tax reforms. Yen backed stablecoins, a major component in the country’s blockchain strategy, are starting to emerge. Unsurprisingly, in an era of increased regulation, new proposals signal stronger government backing for on-chain finance. Japan is progressing towards a new phase in crypto regulation. The country’s ruling Liberal Democratic Party (LDP) has come together in a blo…
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 backs crypto ETFs, yen-denominated stablecoins
A bipartisan push from Japan’s ruling party signals a broad reevaluation of how the country treats crypto taxation and the growing use of yen-denominated stablecoins. The Liberal Democratic Party’s Parliamentary Association for the Promotion of Blockchain delivered recommendations to Finance Minister Satsuki Katayama covering tax policy, stablecoins, ETFs tied to digital assets, central bank digital currencies, and broader blockchain application…
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