Japan
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LDP Blockchain Promotion Caucus reports on US fact-finding trip, discusses DeFi and prediction markets
- Delegation led by Vice-Chair Masaaki Taira and Secretary-General Junichi Kanda, with JBA representatives, visited the US Treasury, SEC, CFTC, JPMorgan, Kalshi and Polymarket in August 2026.
- JBA head Yuzo Kano reported Chainalysis data showing stablecoins accounted for 84% of illicit crypto transaction value in 2025, yet illicit transactions overall remained under 1% of total volume; he also flagged JPMorgan's tokenized money-market-fund efforts as ahead of peers.
- JBA recommendations include legally clarifying DeFi/DEX activities and defining digital assets (e.g., Bitcoin) as property rights, citing UK legislation as a model, while Japan's FSA targets an interim on-chain finance review for early 2027.