Yahoo Finance | EN590 Commodities
EN590 Commodities GroupMarket Analysis 2026-06-01T08:42:14.000Z
TOKYO, June 1 (Reuters) - Japan must promote usage of yen-based stablecoins for settlement in Asia and create a legal framework to allow trading of crypto exchange-traded funds (ETF), a ruling party panel said in a proposal to the government on Monday. "Crypto-ETFs would provide investors with easy-to-understand ways of investment," the proposal said, calling on the government to position the product as an official means of investment in the financial market. The Liberal Democratic Party's (LDP) panel on promotion of blockchain technology submitted the proposal to Finance Minister Satsuki Katayama, who also oversees Japan's financial regulator, the Financial Services Agency (FSA). Japan can promote yen stablecoins and steps it is taking on blockchain innovation when it hosts the Asian
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