The ruling party in Japan has approved the proposal for an "AI + Blockchain Financial System," endorsing a Japanese Yen stablecoin and tokenized deposits.

BlockBeats News, May 19th - Japan's ruling party, the Liberal Democratic Party (LDP), officially approved the "Next Generation AI and Blockchain Finance" policy proposal, planning to build a new generation national financial system with AI and blockchain at its core.

The proposal, led by LDP member Shoji Masaaki, aims to create a 24/7 automated financial infrastructure to support "Agentic Commerce." The proposal argues that in the era of AI being able to autonomously select goods and services, blockchain's characteristics such as verifiability, programmability, and tamper resistance are highly compatible with AI in finance.

The proposal also explicitly supports the promotion of a yen stablecoin and the development of "tokenized deposits," proposing the tokenization of deposits in Bank of Japan current accounts. Additionally, the document supports plans for Japan's three major banks to jointly promote stablecoin issuance and emphasizes the need to enhance the legal framework and systemic risk management.

Furthermore, the Japanese government also plans to create a five-year roadmap for AI and blockchain investment, aiming to strengthen cooperation with Asian countries in the field of AI and blockchain finance.

Source: BlockBeats

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