Japan proposes to promote a stablecoin for the yen and calls for the establishment of a legal framework for cryptocurrency ETFs

By: rootdata|2026/06/02 04:45:01

According to Reuters, the Japanese Liberal Democratic Party's blockchain technology promotion group submitted a proposal to Finance Minister Nobuhide Katayama on Monday, suggesting that Japan promote the yen stablecoin for settlement in Asia and establish a legal framework that allows trading of cryptocurrency ETFs. The proposal points out that cryptocurrency ETFs will provide investors with an easy-to-understand investment method and calls on the government to position them as formal investment tools in the financial market.

Liberal Democratic Party member Junichi Kanda stated that Japan plans to promote the yen stablecoin and blockchain innovation initiatives during the Asian Development Bank annual meeting it will host in May next year. Currently, Japan's three major banks have launched a joint issuance experiment for stablecoins with the support of the Financial Services Agency.

-- Price

The leak of the CLARITY bill draft has triggered a plunge in Circle and Coinbase, directly hitting the core provision of the stablecoin "ban on interest," revealing the deep political and economic game in Washington's strict prevention of stablecoins evolving into on-chain savings accounts and the c...

What Is TradFi and Why Is Everyone Talking About It in 2026?

Gold is rallying, SpaceX is heading for a historic IPO, and oil remains highly volatile. Discover why TradFi is back in focus and how crypto traders can access these opportunities with USDT. Put another way, TradFi Is Having Its Biggest Moment Ever, and Crypto Traders Are Perfectly Positioned

From Poland to Paris: A Look Back at WEEX's Global Community Journey in May 2026

Follow WEEX's global journey across Poland, Barcelona, Dubai, Milan and Paris. Explore Bitcoin Pizza Day, LALIGA VIP experiences, Web3 networking events, trading education and more from an action-packed May.

WEEX WXT Eco Carnival: How to Join WXT Events and Plan Trading Tasks

The WEEX WXT Eco Carnival is an ecosystem campaign built around WEEX Token (WXT), designed for users interested in platform tokens, spot trading, futures trading, deposit tasks, and referral rewards.

WSJ: Hyperliquid is becoming Wall Street's crypto "convenience store"

Hyperliquid has become a 24/7 trading venue, with more and more traditional and cryptocurrency traders flocking to the platform to bet on almost all assets.

Morning Report | Robinhood completes acquisition of WonderFi for $180 million; Anthropic submits IPO draft application to SEC confidentially; Google plans to raise $80 billion in financing

Overview of Important Market Events on June 2nd

Morning Report | Strategy sold 32 BTC and over 800,000 shares of MSTR last week; Binance officially announced its U.S. stock trading portal; Polymarket reached an exclusive partnership with OneFootball

Overview of Important Market Events on June 1st

Zhou Hang: How much is SpaceX really worth?

Great companies do not equal good stocks: A deep analysis of why SpaceX's $1.75 trillion IPO valuation may contain a $1.25 trillion bubble, and retail investors should avoid blindly chasing "story premiums."

IOSG: From Coinbase to Upbit: How a Token Completes a 28-Day Journey of Taking Over

The IOSG report indicates that by 2026, the listing of tokens on first-tier exchanges has formed a highly structured path where Coinbase and ByBit are responsible for initial discovery, Binance quickly verifies and confirms, and Korean exchanges provide liquidity at the end.

Exclusive Interview with Alpaca CEO: What is the background of the US stock underlying service provider behind Binance and Bitget?

Binance and Bitget's underlying service provider in the US stock market, Alpaca, has entered the unicorn club with its "AWS of Finance" model, currently holding 94% of the tokenized US stock market share and is accelerating the transformation of global on-chain financial infrastructure.

Variant: Three types of L1 assets are highly likely to become the main means of value storage

The basic judgment factors include: technical durability, resistance to censorship, scarcity, economic productivity, etc.

Does the performance on Perp DEX become an "invisible threshold" and "amplifier" for new coins to go live on CEX?

The liquidity migration of the new currency in 2026 from the perspective of open interest (OI) and asset labels.

a16z Crypto's latest article: Why do we need to predict the market?

It turns people's judgments about the future into tradable probabilities. It has advantages in both predictive accuracy and coverage that traditional polls find hard to match, but whether it can realize its potential depends on whether it can solve the design challenges of transparency, insider info...

Strategy cashes out 2.5 million USD, but Bitcoin's market value dropped by 80 billion USD in one day

The market's reliance on this narrative of hoarding coins is more fragile than many people imagine.

Collective Change of Ownership for Crypto Exchanges? The Positioning Competition Among South Korean Financial Giants

Securities firms and banks work together to reposition the landscape of cryptocurrency in South Korea.

WEEXPERIENCE Trading Bootcamp in Poland: How WEEX & FireCrew Are Making Crypto Trading Accessible to Everyone

WEEX partnered with Firecrew in Poland on May 29th for the WEEXPERIENCE trading bootcamp. Read the recap of expert sessions on technical analysis, trading psychology, and AI tools that prove WEEX’s mission to make crypto trading accessible to everyone.