Japan’s ruling party supports crypto ETF trading, yen-based stablecoins
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. “Crypto-ETFs would provide investors…