Japan’s Crypto Reforms: Investing in the Future
Japan, always at the forefront of tech, is gearing up to allow its banks to invest directly into digital assets. It’s a pretty big deal and could be a game changer for crypto’s institutional presence. But as usual, with every pro, there’s a con. Let’s unpack this.
The Shift in the Crypto Pay Landscape
These changes aren’t just about letting banks have a crypto pay business. They’re shifting from the Payment Services Act (PSA) to the Financial Instruments and Exchange Act (FIEA). The aim? More structure, less chaos, and, you know, a bit of investor protection. Sounds good on paper, right?
But here’s the rub. Of course, as banks start diving into Bitcoin and Ethereum, the risk game gets a lot more intense. They might be looking at a…
