virtualdigitalassets

A group of lawmakers from the Japanese Liberal Democratic Party's (LDP) Parliamentary Association for the Promotion of Blockchain submitted recommendations to Finance Minister Satsuki Katayama aimed at advancing the country's digital asset ecosystem.

The recommendations cover reforms to the taxation of virtual digital assets, support for the development and adoption of yen-denominated stablecoins, the establishment of a framework for virtual digital asset exchange-traded funds (ETFs), central bank digital currencies (CBDCs), and broader blockchain applications.

The proposals also recommend increasing the leverage cap for retail virtual digital asset derivatives trading.

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[ ETFs, CBDC, Fintech, Web3, Digital Economy ]