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 settlement 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 positioned 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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