Japan’s Banks May Soon Hold Bitcoin

Japan’s financial landscape is transforming digitally. The Financial Services Agency (FSA) has begun considering regulatory reforms permitting domestic banks to acquire and hold non-backed crypto assets, such as Bitcoin, for investment. In addition, the nation’s three largest banking groups are pursuing a plan to issue yen-pegged stablecoins jointly. This dual push by regulators and traditional finance (TradFi) giants aims to rapidly integrate digital assets into the mainstream economy source: https://beincrypto.com/japan-banks-eye-bitcoin-investment-and-stablecoin-launch/