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Crypto

Japan\'s LDP approves plan for AI and blockchain-based next-generation financial system

Japan\'s ruling Liberal Democratic Party has formally approved a policy proposal to build a next-generation financial system using AI and blockchain technology, The Block reported. The proposal, drafted by an LDP project team led by lawmaker Seiji Kihara, prioritises developing automated financial infrastructure to support 24-hour autonomous commerce via blockchain networks. It also includes support for tokenised deposits and yen-denominated stablecoins, and calls for stronger cooperation with other Asian countries.

AI & Enterprise

Japan finance minister to meet three megabanks to discuss risks from Anthropic\'s Mythos

Japan will hold a meeting involving the country\'s three megabanks and other senior financial officials to review potential risks from Anthropic\'s AI model Mythos. CoinPost reported that Finance Minister Satsuki Katayama will meet executives from Mitsubishi UFJ, Sumitomo Mitsui and Mizuho to share awareness of related risks. Attendance by BOJ Governor Kazuo Ueda and other industry leaders is being coordinated, and the Financial Services Agency proposed the meeting.