Japan's Financial Services Agency (FSA) is reportedly considering regulatory changes to permit banks to hold cryptocurrencies like Bitcoin for investment purposes. This move aims to align with the growing trend of cryptocurrency trading, allowing banks to manage digital assets similarly to stocks and government bonds. The FSA plans to discuss the details in an upcoming financial review meeting, focusing on risk management and financial oversight requirements. Additionally, the agency is contemplating allowing banking groups to register as cryptocurrency exchange operators to enhance market trust and facilitate individual investor participation.
Japan's Financial Services Agency Considers Allowing Banks to Hold Crypto Assets
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