Japan's LDP Proposes Five-Year Plan for Stablecoins and Blockchain Settlement
Japan's ruling Liberal Democratic Party (LDP) has approved a proposal urging the Financial Services Agency to develop a five-year roadmap focused on stablecoins, tokenized deposits, and blockchain settlement. According to NS3.AI, the plan emphasizes the importance of on-chain finance in safeguarding the sovereignty of the yen and cautions that Japan risks lagging behind international payment systems. The proposal also calls for clearer regulations concerning payroll, tax payments, corporate funding, and cross-border transfers.
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