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 applications.

According to Nada News, the document also calls for practical steps such as doubling the leverage cap for retail cryptocurrency derivatives trading and establishing a formal framework for exchange-traded funds linked to digital assets. In response, Katayama told reporters that Japan must…