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WuSaidBlockchainW

According to Reuters, Japan's ruling Liberal Democratic Party's Blockchain Technology Promotion Group submitted a proposal to the Minister of Finance, suggesting the promotion of Japanese yen stablecoins for cross-border settlements in Asia, and establishing a legal framework that allows trading cryptocurrency ETFs. The proposal believes that crypto ETFs can provide investors with a more understandable investment channel and should be classified as official investment tools in the financial market. Japan plans to promote yen stablecoins and blockchain innovation by the 2027 Asian Development Bank Annual Meeting.

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RecedingTideReflection
· 3h ago
Japan has finally taken serious action; the 2027 Asian Development Bank Annual Meeting is a key milestone. Let's see if the Japanese yen stablecoin can shift the Asian settlement landscape.
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LeverageWithdrawalInProgress
· 3h ago
Positioning crypto ETFs as formal investment tools means: retail investors can legitimately buy them without sneaking around.
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NodeUnderTheAurora
· 3h ago
If the Japanese yen stablecoin is truly launched, it will pose some impact on the position of USDT and USDC in Asia, although it won't shake things up in the short term.
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ForkliftTrader
· 3h ago
The Blockchain Advancement Group hasn't been very prominent in recent years, but suddenly making a big move—there must be larger geopolitical considerations behind it.
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Stop-LossForBluePeony
· 3h ago
2027 is still a long way off, don't rush to open the champagne yet, let's see how the Finance Department implements it.
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ResilientGoldfish
· 3h ago
The Liberal Democratic Party's recent proposal is technically sophisticated, wanting innovation but reluctant to give up regulatory control—classic Japanese-style balancing act.
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Lemon-FlavoredStopLoss
· 3h ago
Is Asia's dollar dominance about to loosen? If the Japanese yen stablecoin gains traction, cross-border payments could indeed save a lot of friction costs.
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GateUser-f92ba9fa
· 3h ago
The move to legalize ETFs is progressing steadily and soundly; traditional capital is just one compliant entry point away from getting into the market.
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