Japan’s Top Finance Regulator Hesitant on Crypto ETF Approvals
- FSA chief said some doubt merits of funds investing in crypto
- Regulators globally have softened on crypto ETFs this year
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The head of Japan’s finance regulator said “cautious consideration” is needed in deciding whether to follow the likes of Hong Kong and the US by approving crypto-linked exchange-traded funds.
Many people believe cryptoassets “do not necessarily contribute to the wealth creation of the Japanese people in a stable and long-term manner,” said Hideki Ito, commissioner of the Financial Services Agency, in an interview.