Japan Pushes for Banks to Hold Crypto: FSA Seeks to Allow Investment

The Financial Services Agency (FSA) in Japan is exploring a major policy shift that could allow banks to invest in cryptocurrencies like Bitcoin. This move, if approved, would mark a significant departure from current regulations which restrict banks from holding digital assets due to volatility concerns. According to a report by Livedoor News, the FSA plans to discuss this reform at an upcoming meeting of the Financial Services Council, an advisory body to the Prime Minister. This initiative aims to integrate crypto asset management with traditional financial products like stocks and bonds.