Japan's Ruling Party Panel Urges Promotion of Yen Stablecoins and Crypto ETFs
A ruling party panel in Japan has recommended promoting yen-based stablecoins for settlement across Asia and establishing a legal framework to allow trading of crypto exchange-traded funds (ETF). The proposal, submitted by the Liberal Democratic Party's blockchain promotion panel, aims to enhance financial innovation while making cryptocurrency investments more accessible.
Topics: blockchain technology crypto ETFs Japan's financial policy yen-based stablecoins