Financial Services Agency Mulls Allowing Banks to Hold Cryptocurrencies; Will Also Discuss Establishing Risk Management Frameworks

Financial Services Agency Mulls Allowing Banks to Hold Cryptocurrencies; Will Also Discuss Establishing Risk Management Frameworks

The Financial Services Agency will begin considering regulatory changes to allow banks to acquire and hold cryptocurrencies like bitcoin for investment purposes.

Japan May Let Banks Hold Crypto Under New FSA Proposal

Japan’s FSA is considering changes to let banks hold cryptocurrencies like Bitcoin, which reverses a 2020 ban tied to volatility concerns.

Will Japan’s banks soon invest in Bitcoin? FSA weighs major reform

Japan regulator is reportedly considering allowing banks to offer crypto as investment products ahead of planned policy discussions.

Japan’s Banks Could Soon Hold Bitcoin as Regulators Rethink Old Rules

The Financial Services Agency (FSA) is reportedly preparing a proposal that could allow traditional banks to invest directly in cryptocurrencies such as Bitcoin – a radical shift for one of Asia’s most tightly regulated financial systems. Sources cited by Livedoor News say the topic will be brought before the Financial Services Council, which advises the Prime Minister on financial strategy. The idea is to bring crypto under the same regulatory …

Japan’s Financial Regulator Considers Allowing Banks To Trade And Hold Bitcoin, Other Cryptos

Japan’s Financial Services Agency (FSA) is reportedly considering reforms that would allow banks to buy and hold cryptocurrencies such as Bitcoin.

Japan Advances Toward Crypto Integration as FSA Considers Allowing Banks to Hold Bitcoin

Japans financial sector is undergoing a major digital transformation as the Financial Services Agency (FSA) explores regulatory reforms to let domestic banks invest in non-backed crypto assets such as Bitcoin. This shift marks a significant departure from Japans traditionally cautious approach to digital assets, reflecting growing confidence in the maturing crypto market. Under the current 2020 supervisory guidelines, banks are restricted from i…