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Japan’s Ruling Party Pushes On-Chain Finance Plan to Protect Yen

DE
Decrypt Editorial
(02:26 PM UTC)
1 min read
JM
Reviewed byJames Mitchell

In brief

  • Japan’s ruling LDP party has put forward a proposal framing on-chain finance as a way to protect yen sovereignty.
  • It seeks clearer rules for payroll, taxes, bank-issued stablecoins, and tokenized deposit settlement.
  • Japan has the banks, capital and regulatory trust to compete, but execution remains the test, Decrypt was told.

Japan’s ruling Liberal Democratic Party is pushing stablecoins…

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