Japan ruling party backs crypto ETF trading, proposes yen-based stablecoin framework

Japan LDP Proposes Crypto ETF Trading Framework, Yen Stablecoins

Japan’s ruling Liberal Democratic Party (LDP) has submitted a proposal to the finance minister recommending that the country establish a legal framework for trading cryptocurrency ETFs. The proposal also supports the creation of yen-based stablecoins.

The move signals Japan’s accelerating push toward comprehensive crypto regulatory reform and could position the country as the first major Asian economy to fully open crypto ETF trading.