$ALEO Japan’s Liberal Democratic Party has proposed a crypto ETF framework and, for cross-border Asian payments, launched a yen stablecoin. According to Cryptopolitan, Japan’s ruling Liberal Democratic Party (LDP) recently submitted a proposal to Finance Minister Satsuki Katayama, seeking to establish a legal framework for trading crypto ETFs and to promote the use of yen-denominated stablecoins in cross-border payments across Asia. The LDP’s blockchain promotion group believes that, compared with directly holding digital assets, crypto ETFs are a simpler investment tool. JPYC launched in October 2025 and became Japan’s first licensed yen stablecoin, with more than 1 billion yen issued; major banks including Mitsubishi UFJ, Sumitomo Mitsui, and Mizuho have jointly begun stablecoin experiments.