[NEWS] LDP launches "Digital Advanced Finance Council" with participation from bitFlyer and Coincheck

2024/08/09 09:14 (Updated 2025/06/05 17:52)
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[NEWS] LDP launches "Digital Advanced Finance Council" with participation from bitFlyer and Coincheck

Representative Taira becomes chairman

On the 5th, some members of the Liberal Democratic Party launched the "Digital Advanced Finance Parliamentary League." The Nihon Keizai Shimbun reported. By getting private financial institutions that provide financial services using the internet to participate across industries, the league aims to promote digital transformation (DX) and establish a next-generation financial system.

The League for Promoting Commodity Futures Trading, which has been active for many years with the aim of promoting commodity futures trading, will be developed and dissolved. According to LDP member of the House of Representatives Junichi Kanda, member of the House of Representatives Masaaki Taira will serve as chairman. Member of the House of Representatives Seiji Kihara will serve as deputy chairman, and member of the House of Representatives Masanobu Ogura will serve as secretary-general.

From the online securities industry, SBI Securities, Rakuten Securities, and Matsui Securities will participate, while from the online banking industry, Sumishin SBI Net Bank, Sony Bank, and PayPay Bank will participate. From the cryptocurrency industry, cryptocurrency exchanges bitFlyer and Coincheck will participate. In addition, Osaka Exchange and Tokyo Commodity Exchange are also expected to participate.

Web 3.0 activities in the LDP

Taira also serves as chair of the LDP's web3PT (project team) and AIPT. Last year, web3PT released the "NFT White Paper" as a policy proposal. In April of this year, it also compiled the "Web 3.0 White Paper - Towards an era when everyone can utilize digital assets".

The 2023 "Web 3.0 White Paper" consists of "issues that are bottlenecks in business execution and should be addressed immediately," "issues that should be discussed and deepened now in anticipation of the development and widespread use of the Web 3.0 ecosystem," and "progress monitoring of the NFT White Paper proposals."

The white paper also mentions tax reforms for crypto assets (virtual currencies), and points out that along with the review, issuance, and distribution of various tokens and consumer protection, these are "issues that should be addressed immediately to promote web3."

Reference:Nikkei Shimbun,Kanda Senator Post
Image: Shutterstock

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Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.