Japan to Allow Banks to Invest in Crypto: Regulatory Shift Marks New Era for Finance

Japan is poised to usher in a new era of financial innovation with the potential for banks to directly invest in cryptocurrencies like Bitcoin. The Financial Services Agency (FSA) is reportedly preparing a proposal that could allow traditional banks to hold digital assets, marking a significant departure from one of Asia’s most tightly regulated financial systems. This change comes after years of restrictions due to volatility concerns.