Japan Considers Letting Banks Directly Trade Crypto, Aiming for a Unified Financial System

Japan is exploring a major shift in its financial landscape by allowing domestic banks to trade and hold cryptocurrencies directly. The Financial Services Agency (FSA) is considering proposals that could integrate digital assets into traditional banking systems, potentially leading to more robust oversight and investor confidence. This move aims to align the crypto market with established financial instruments like stocks and bonds. By revising rules, the FSA seeks to create a structured system for trading crypto within banks. The proposal is expected to enhance regulatory control while also addressing risks associated with volatile assets.