Japan’s FSA may allow banks to invest in crypto assets if risks are managed
The Financial Services Agency is considering allowing commercial banks to invest in cryptocurrencies, an official has said, in a fresh sign of the country’s growing openness to digital assets.
The financial regulator is weighing letting banks buy and hold virtual currencies as their own investments as long as they have a structure to properly manage risks linked to the assets, the official said, asking not to be identified because of the agency’s policy. It is also considering allowing banking groups to apply for licenses to operate cryptoexchanges, he said.
Japanese policymakers are taking a more positive view of crypto as U.S. President Donald Trump’s embrace of the assets bolsters the…
