Japan’s ruling party pushes crypto ETFs and yen stablecoins

Japan's ruling LDP has proposed regulatory rules to govern crypto ETF trading and to promote yen-denominated stablecoins as a national strategy to counter U.S. dollar dominance. By clarifying rules for ETF listings and yen stablecoin issuance, the move is intended to drive onshore crypto adoption, increase ETF and CEX/DEX liquidity, and support token launches and fundraising while raising compliance and market-structure considerations.