Japan's LDP Launches On-Chain Finance Working Group to Advance National-Level Blockchain Finance Strategy

ZkProver · 2026-03-24T04:02:15+00:00

Japan's Liberal Democratic Party Establishes "Next-Generation AI and On-Chain Finance Vision Task Force," Led by Taira Masaaki and Kihara Seiji, Aimed at Formulating a National-Level AI-Driven Blockchain Finance Framework. The task force will release a white paper proposing regulatory reform recommendations to advance the integration of blockchain finance into the economy.

ZkProver

2026-03-24 04:02:15

Abstract generation in progress

ChainCatcher News: Today, Japan’s Liberal Democratic Party established the “Next Generation AI and On-Chain Finance Vision Project Team,” founded by former Digital Minister Akira Hirabayashi. The team is led by Seiji Kihara, a former Ministry of Finance official and current chairman of the LDP Blockchain Promotion League. The initiative aims to develop a national AI-driven on-chain finance framework, marking Japan’s political recognition of blockchain finance as a key economic issue.

In an interview, Akira Hirabayashi stated that the integration of AI and blockchain will first impact the financial industry within a few years, “This is not a matter for 5 to 10 years from now.” He pointed out that Japan already has infrastructure such as the JPYC stablecoin, joint stablecoin projects by Mitsubishi UFJ, Sumitomo Mitsui, and Mizuho banks, as well as tokenized deposits by Japan Post Bank, but there is a lack of a unified blueprint among these components.

The project’s immediate goal is to release a white paper that includes regulatory reform proposals covering trust law, deposit insurance, and KYC frameworks. It will also incorporate the LDP’s growth strategy and the government’s annual fiscal policy guidelines, while pressuring the Financial Services Agency and the Ministry of Finance to accelerate regulatory action.

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