Bitcoin Holdings May Come to Japanese Banks
The FSA plans to discuss the proposed reforms at an upcoming Financial Services Council meeting, which serves as an advisory body to the Prime Minister.
Japan’s Financial Services Agency is preparing to review regulations that would permit banks to acquire and hold cryptocurrencies including Bitcoin for investment purposes. The reform represents a major policy shift for the nation’s banking sector.
Current supervisory guidelines, revised in 2020, effectively prohibit banks from holding crypto due to volatility concerns. The FSA plans to discuss the proposed reforms at an upcoming Financial Services Council meeting, which serves as an advisory body to the Prime Minister.
The initiative aims to align cryptocurrency asset management with…
