Japan maintains cautious stance on crypto ETFs

Quick Summary:

Many in the digital asset sphere interpreted the SBI-Franklin Templeton tie-up as a sign that regulatory change could be on the way to Japan.

In April, financial authorities in Hong Kong granted approval for bitcoin and ether-backed ETFs.

Japan’s Ministry of Finance is widely known to be sceptical about cryptocurrencies in general, according to Oki Shiozawa, investment director at Sumitomo Mitsui Trust Asset Management.“I can’t think of any way to successfully persuade those authorities at the moment,” he said.

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Article Details

Category: MarketsFinanceInvesting

Markets: United StatesAustraliaHong KongJapan

Topics: Etfs Japan Crypto Spot Including Digital Approval Financial Asset Management Assets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-23 @ 04:00:31 (5 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 744 words

Reading Time: 5 minutes read

Sentences: 29 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Financial Times

News ID: 23211036

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