🏛️ Regulatory Developments: Japan Considers Crypto Integration
Japan's Financial Services Agency (FSA) is contemplating regulatory changes to allow banking group subsidiaries to offer cryptocurrency trading services. This move aims to promote broader market access and fair competition with affiliates of securities groups like Rakuten Wallet and SBI Holdings. Additionally, the FSA is considering lifting a ban that prevents banks from buying and holding cryptocurrencies as investments. If implemented, these changes could significantly integrate traditional financial institutions with the growing cryptocurrency market.
