Japan’s FSA Eyes Tightening Crypto Lending Rules
Key Notes
- The Financial Services Agency in Japan wishes to tighten rules around crypto lending.
- It plans to limit investment for Initial Exchange Offerings (IEOs) without financial audits.
- FSA is considering allowing banks to invest in and hold Bitcoin and other cryptocurrencies.
The Financial Services Agency (FSA) in Japan is planning to tighten the rules around cryptocurrency lending.Notably, this move will bring the crypto service under the Financial Instruments and Exchange Act. Japan is considering this action in a bid to protect investors and their investments.
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