Bitcoin ETFs Coming To Japan? Government Prepares To End Ban
The sun could be set to shine brighter in Japan’s financial horizon, as regulators take another look at how Bitcoin will play a role in the country’s financial landscape. Authorities are now considering lifting a long-standing ban on Bitcoin and crypto exchange-traded funds (ETFs). This might signal a new era in the government’s outlook on digital currencies. Related Reading: Can XRP Hit $10,000? A Quadrillion Market Cap For The Coin If That Happens – Analyst If given the green light, this action would open doors for both institutional and retail investors by aligning....
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According to a recent Bloomberg report, Japan’s top financial regulator is pumping the brakes on approving crypto-based exchange-traded funds (ETFs), taking a more conservative stance than regulators in some other countries. Crypto ETF Expansion Faces Headwinds In Japan Hideki Ito, commissioner of Japan’s Financial Services Agency (FSA), emphasized the need for “cautious consideration” when greenlighting […]
Some bit of news coming from Japan, which may or may not come as a surprise. The Japanese government, according to multiple reports, has said that bitcoin is not a currency, but is looking for ways to tax it. "Bitcoin are neither Japanese nor foreign currencies and its trading is different from deals stated by Japan's bank act as well as financial instruments and exchange act," a document release by the Prime Minister's cabinet read. The news comes just days following reports that indicated the country's government is poised the regulate the digital currency. These rules would ensure that....
Crypto enthusiasts and the government have long contended over the Bitcoin ETF. Let’s examine Bitcoin spot vs futures ETFs. How many Bitcoin ETFs are there?There are various companies offering Bitcoin ETFs, and each is available on their own respective exchanges.While the only Bitcoin ETFs in existence are Bitcoin futures ETFs, there are quite a few out there in which one can choose to invest. This article previously mentioned the ProShares BITO Bitcoin futures ETF, which currently holds around $1 billion in investments. BITO is listed on the Chicago Mercantile Exchange (CME). Another....
According to Bloomberg analysts, Ethereum futures ETFs (exchange-traded funds) could start trading for the first time in the United States as early as next week. This comes just a few hours after the US Securities and Exchange Commission (SEC) delayed decisions on Ark Invest and VanEck ETH spot ETF applications. Why Ethereum Futures ETFs Could Launch Next Week On September 28, Bloomberg Analyst Eric Balchunas said – via a post on X (formerly Twitter) – he was hearing that the SEC wants to accelerate the launch of Ether futures ETFs. Balchunas stated that the commission wants....
Japan has formed a new advocacy group for bitcoin businesses and, notably, it has the explicit backing of the nation's government. The Japan Authority of Digital Asset (JADA) will be a bitcoin business-only group intended to establish standards and codes of conduct for its members. Brainchild of Japanese member of parliament Mineyuki Fukuda (from the ruling Liberal Democratic Party) and his IT Committee, the organisation was formed after consultation with members of bitcoin's business community. The latter included digital currency exchange Kraken, which the IT Committee invited to play a....