Japan Aims to Treat Crypto Like Stocks and Bonds

Cryptocurrencies may soon find a home in the portfolios of Japan’s most traditional financial institutions. The country’s Financial Services Agency is considering a landmark reform to its banking rules, which would enable local banks to buy, sell, and hold digital assets.

As reported by the Yomiuri Shimbun, the FSA plans to discuss lifting the current ban, a move intended to formally integrate crypto into the mainstream financial system alongside conventional assets like stocks and government bonds.

This initiative includes developing a protective regulatory framework and could even extend to allowing banks to become crypto exchanges, all while the FSA tightens rules against market abuse to ensure a fair trading environment.

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