Will Japan’s FSA Allow Banks to Hold Bitcoin and Other Crypto Assets?
Will Japan’s FSA allow banks to hold Bitcoin and other crypto assets? At least such an initiative is starting to be actively discussed, and it potentially envisions that banks will be able to acquire and hold crypto assets for investment and register as crypto asset exchange companies.
More About the Crypto Initiative From Japan’s FSA
Local magazines says that Japan’s FSA is at an early stage of considering a reform that could allow banks to acquire and hold crypto assets, primarily Bitcoin, for investment purposes. The discussion will start in a working group under the Financial Council, an advisory body to the Prime Minister. It has set a fairly specific goal: to form a regime under which banks will be able to buy and sell crypto…
