Japan’s FSA weighs allowing banks to hold Bitcoin, other cryptos: Report

💡 DMK Insight

Japan’s Financial Services Agency is stepping into the crypto ring, and it could be a game-changer for both banks and investors. Allowing banks to hold cryptocurrencies like Bitcoin not only legitimizes digital assets but also signals a shift towards mainstream acceptance. This move could enhance liquidity and stability in the crypto market, making it more attractive for traditional investors. However, it also raises questions about regulatory oversight and the potential for increased volatility as banks navigate this new terrain.