Japan's LDP Proposes Crypto ETF Framework and Yen Stablecoin for Cross-Border Asia Payments

According to Cryptopolitan, Japan's ruling Liberal Democratic Party (LDP) recently submitted proposals to Finance Minister Satsuki Katayama seeking to establish a legal framework for cryptocurrency ETF trading and advance the use of yen-denominated stablecoins for cross-border payments in Asia. The LDP's blockchain promotion group views crypto ETFs as a simpler investment tool compared to direct digital asset ownership. JPYC, launched in October 2025, became Japan's first licensed yen stablecoin with over 1 billion yen issued; major banks including Mitsubishi UFJ, Sumitomo Mitsui, and Mizuho have jointly begun stablecoin experiments.
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