Japan’s ruling party pushes crypto ETFs, yen-denominated stablecoins
Japan's ruling Liberal Democratic Party is pushing crypto ETFs and yen-denominated stablecoins, recommending regulatory reforms to Finance Minister Katayama. Proposals include doubling leverage caps for retail derivatives and establishing digital asset ETF frameworks. This positions Japan to compete globally in the $320 billion stablecoin market, currently dominated by dollar-pegged tokens, while signaling Asia's crypto adoption momentum.
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