Major Japanese companies want to prioritize Bitcoin and Ether for crypto ETFs
A group of Japanese financial institutions urge the government to focus on major tokens such as Bitcoin and Ether in talks of allowing exchange-traded funds for cryptocurrencies.
According to a Bloomberg report, a group of Japanese companies lodged a series of proposals on Oct. 25 with a title that translates into “Recommendations for the composition of crypto assets ETFs, etc. in Japan”. The country remains on the fence about whether it will permit the instrument.
In the group’s proposal, it states that the majority of voices agree that if Japan decides to allow crypto ETFs, they would prioritize Bitcoin and Ethereum for ETFs. Furthermore, they are also calling for a review of Japan’s taxation system,…
