Japan Paves Way for Banks to Trade Cryptocurrencies
Japan is exploring a new framework that could allow banks to buy and sell cryptocurrencies like Bitcoin. The Financial Services Agency (FSA) is considering this move to expand access for retail investors.
The FSA plans to discuss these changes at an upcoming Financial Services Council meeting.They aim to impose strict risk rules to protect banks’ financial stability. This is a critically important shift from the 2020 guidelines that banned banks from holding crypto assets due to price volatility concerns.</p
