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Japan LDP Panel Urges Yen Stablecoins for Asian Payments, Calls for Crypto ETF Rules

Japan LDP Panel Urges Yen Stablecoins for Asian Payments, Calls for Crypto ETF Rules

  • Japan’s Liberal Democratic Party blockchain promotion panel said it had proposed that the government expand the use of yen stablecoins and establish a framework for crypto ETFs.
  • The proposal said crypto ETFs could be investment products that are easy for investors to understand, and argued that the government should position them as formal investment instruments in financial markets.
  • Reuters said dollar-pegged stablecoins have grown with strong backing from President Donald Trump, though policymakers have warned that stablecoins could move funds outside the regulated banking system.

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Photo: Shutterstock
Photo: Shutterstock

A policy panel within Japan’s ruling Liberal Democratic…

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