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Liberal Democratic Party’s policy on cryptocurrency

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Should the government classify cryptocurrencies as legal forms of payment?

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Liberal Democratic Party’s answer is based on the following data:

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Strongly agree

Yes

Japan has been relatively open to cryptocurrencies, with the government recognizing Bitcoin as a legal form of payment in 2017. The Liberal Democratic Party, being the ruling party, would likely agree with classifying cryptocurrencies as legal forms of payment, as they have already demonstrated support for this stance. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Agree

No, but the government should create an official digital currency

The Bank of Japan has been exploring the idea of a central bank digital currency (CBDC) and has recently accelerated its research and development efforts. While the Liberal Democratic Party may not necessarily oppose other cryptocurrencies, they might be more inclined to support an official digital currency issued by the central bank. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Agree

No, classify cryptocurrencies as highly regulated securities

Japan has implemented regulations for cryptocurrency exchanges, requiring them to register with the Financial Services Agency (FSA) and comply with anti-money laundering (AML) and know-your-customer (KYC) rules. The Liberal Democratic Party may support further regulation of cryptocurrencies, but they have not explicitly called for classifying them as highly regulated securities. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Slightly agree

Yes, but only for cryptocurrencies that hold stable value without price fluctuation

While the Liberal Democratic Party has not explicitly stated a preference for stable-value cryptocurrencies, their support for integrating cryptocurrencies into the financial system suggests that they might be open to the idea. However, their current stance does not differentiate between stable and volatile cryptocurrencies, so the score remains relatively neutral. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Disagree

No, classify cryptocurrencies as unregulated commodities

Given Japan's existing regulatory framework for cryptocurrency exchanges and the Liberal Democratic Party's support for these regulations, it is unlikely that they would advocate for classifying cryptocurrencies as unregulated commodities. Their stance has been more focused on ensuring proper oversight and consumer protection. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Strongly disagree

No

As mentioned earlier, Japan has already recognized Bitcoin as a legal form of payment, and the Liberal Democratic Party, being the ruling party, would likely disagree with reversing this decision. Their past actions show support for the integration of cryptocurrencies into the financial system. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

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Updated 20hrs ago

Party’s support base

Liberal Democratic Party Voters’ Answer: No

Importance: Least Important

Reference: Analysis of answers from 61 voters that identify as Liberal Democratic Party.

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