Bloomberg: Japan Gauges Interest in Bitcoin ETF as Pundits Talk Down US Approval Rumors

More from: | CoinTelegraph |
0

Japan’s financial regulator is considering allowing Bitcoin (BTC) exchange-traded funds (ETF), an anonymous source told Bloomberg on Jan. 7.

Citing a person familiar with the matter, the publication reports that the Financial Services Agency (FSA) is testing interest in an ETF with a view to potentially giving the instrument the green light to trade on domestic markets.

The move would place Japan in direct contrast to the United States, where regulators are risk-averse on ETFs but permit physical Bitcoin futures trading, something the FSA has rejected.

This, Bloomberg notes, came due to the Japanese regulator “concluding that such products would achieve little besides stoke speculation.”

Appetites for an ETF worldwide remain mixed. While some cryptocurrency advocates argue their acceptance would

(...)

Read full article » https://cointelegraph.com/news/bloomberg-japan-gauges-interest-in-bitcoin-etf-as-pundits-talk-down-us-approval-rumors


About | CoinTelegraph |

Cointelegraph is a completely independent publication covering cryptocurrency, the blockchain, decentralized applications, the internet of finance and the next gen web. We offer the latest news, prices, breakthroughs and analysis with emphasis on expert opinion and commentary from the digital currency community.

»Twitter: @cointelegraph »Facebook: @cointelegraph »YouTube: Cointelegraph