Japan Explores Bitcoin ETF but Demand for Product is Mysterious5.6

Japan’s financial watchdog could embrace exchange-traded funds that track the value of Bitcoin and similar digital asset classes, Bloomberg reported.

The Financial Services Agency (FSA), according to an anonymous source, has been exploring Bitcoin ETFs on the sidelines of its disapproval of the Bitcoin futures and Ethereum derivatives. The agency has clarified that it will not make modifications to Japan’s existing securities laws to cater for crypto assets. The decision came as a blow to the Bitcoin industry, which was looking to draw significant funds from the institutional markets after undergoing a very depressive year recently.

Original source
https://www.newsbtc.com/2019/01/07/japan-explores-bitcoin-etf-but-demand-for-product-is-mysterious/

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