Japan\'s ruling Liberal Democratic Party has moved to promote policies to legalise cryptocurrency exchange-traded funds and expand yen-denominated stablecoins. A party panel submitted a proposal to Finance Minister Satsuki Katayama on May 31. The plan aims to recognise crypto ETFs as regulated investment products and develop yen stablecoins as a payment gateway for Asia. The proposal cites the dominance of dollar-pegged stablecoins and points to domestic pilots and legislation steps under way.

South Korea announced a \'Global AI Hub\' vision with nine major international organisations and released a joint statement on May 21. The initiative aims to use artificial intelligence to address shared global challenges including climate crisis, health, food and refugees. The government held a launch event in Seoul with the organisations and five multilateral development banks. Participants plan working groups, phased implementation plans and ongoing communication channels.