The approval of spot crypto exchange traded funds in the US, Hong Kong and other markets has highlighted the contrasting and conservative approach being taken by Japan’s regulators.
Japan has long billed itself as a digital asset-friendly country as part of wider ambitions to become a larger asset management hub. But there is a reluctance at the policy level to take the plunge and lift the tax and regulatory restrictions needed for widespread adoption.
Japan’s Ministry of Finance is widely known to be sceptical about cryptocurrencies in general, according to Oki Shiozawa, investment director at Sumitomo Mitsui…
