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. Allowing banks to hold cryptocurrencies and run licensed exchanges signals a significant shift towards mainstream acceptance. This move not only legitimizes digital assets but also opens the floodgates for institutional investment, potentially stabilizing the notoriously volatile market. For traders, this could mean a new era of liquidity and innovation, but it also raises questions about regulatory oversight and market dynamics.