Japan's ruling party supports crypto ETF trading, yen-based stablecoins
Key takeaways
- By Jamie Crawley|Edited by Sheldon Reback Jun 1, 2026, 1:38 p.m.
- Japan should create a legal framework for trading cryptocurrency exchange-traded funds (ETFs), the ruling Liberal Democratic Party (LDP) said, according to a Reuters report on Monday.
- A party panel on promoting blockchain technology submitted the proposal to Finance Minister Satsuki Katayama, also saying the state should promote usage of yen-based stablecoins.
By Jamie Crawley|Edited by Sheldon Reback Jun 1, 2026, 1:38 p.m. 1 min read Make preferred on (David Rock Design/Pixabay)What to know: Japan should create a legal framework for trading cryptocurrency ETFs, the ruling Liberal Democratic Party said.A party panel also said the state should promote usage of yen-based stablecoins.Japan would be joining other major markets such as the U.S. and Hong Kong in offering ETFs as a way to gain exposure to the crypto market without having to buy and store the underlying assets themselves.
Japan should create a legal framework for trading cryptocurrency exchange-traded funds (ETFs), the ruling Liberal Democratic Party (LDP) said, according to a Reuters report on Monday.
A party panel on promoting blockchain technology submitted the proposal to Finance Minister Satsuki Katayama, also saying the state should promote usage of yen-based stablecoins.