Japan's ruling party and JBA propose 8 steps for onchain finance after US trip
- —Delegation met the CFTC, SEC, US Treasury, IMF, Circle, JPMorgan, BlackRock, Kalshi and Polymarket
- —JBA wants DeFi defined in law and digital assets recognized as property rights
- —SEC's Hester Peirce said access to diverse products is itself investor protection
- —Building prediction markets in Japan would require amending gambling laws, lawyers say
Why it matters: Japan could become one of Asia's first jurisdictions with a full legal framework for DeFi and onchain finance.
Source: CoinDesk Japan