Japan May Let Banks Hold Bitcoin
Japan's main financial regulator, the Financial Services Agency (FSA), is looking into changing the rules so banks get the ability to buy and hold cryptocurrencies such as Bitcoin. In the meantime, banks are banned from holding crypto, the reason is the prices are too volatile which is seen as a risk.
The plan is still under discussion. If they go ahead, the FSA will first create strict risk management rules in order to protect the bank's financial stability, even if crypto prices change rapidly. The main goal is to let banks handle crypto assets the same way they handle traditional assets, such as stocks.
