According to a report by TechFlow on January 26th, the Japanese Financial Services Agency (FSA) plans to lift the ban on cryptocurrency ETFs, including Bitcoin, by 2028. To achieve this, the authorities plan to amend the Enforcement Ordinance of the Investment Trust Act to classify virtual currencies as "specific assets" that investment trusts can invest in. Reportedly, large financial institutions such as SBI Holdings and Nomura Holdings are already developing related products. If approved for listing on the Tokyo Stock Exchange, individual investors will be able to trade virtual currency ETFs through their securities accounts, similar to buying and selling stocks or gold ETFs. Previous surveys have indicated that at least six asset management companies are researching and developing related products, targeting both individual and institutional investors.
Japan may lift its ban on crypto ETFs in 2028.
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