Japan's Financial Regulator Denies Interest in Bitcoin ETF - BITCOIN NET MAGZ

Japan's Financial Regulator Denies Interest in Bitcoin ETF

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Japan’s Financial Regulator Denies Interest in Bitcoin ETF

Following the accounts, Cointelegraph Japan has contacted the regulator, and the FSA's agents have denied Bloomberg's claims, stating:

    "At this time, we are not exploring an endorsement of ETFs based on crypto assets."

The agency's staff also told Cointelegraph Japan that they don't know who the individual familiar with the matter mentioned by Bloomberg is.

Back in December 2018, information broke the FSA is considering placing cryptocurrencies to a new legal category called"crypto-assets." By minding crypto this way, the government reportedly"hopes that traders will no longer buy [cryptocurrencies] thinking that they are legal tender recognized by the authorities."

Back then, an FSA advisory panel has registered a report asking the impact of the expression"virtual money" to stop such confusion.

As Cointelegraph reported Tuesday, Japan's Financial Services Agency is currently thinking about the regulation of unregistered businesses property investments at crypto, reportedly in an attempt to close a loophole in the present local legislation.

 

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