News Explorer — Japan's Ruling Party Suggests Legalizing Crypto ETFs

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Jun 1, 1:38 pm

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Japan's Ruling Party Suggests Legalizing Crypto ETFs

According to a Reuters report, Japan's ruling Liberal Democratic Party proposed creating a legal framework for trading cryptocurrency exchange-traded funds (ETFs) to provide investors with easier investment options. The country's cabinet approved a draft amendment in April to classify crypto as a financial product, moving away from treating it solely as a payment tool.

According to a Reuters report, Japan's ruling Liberal Democratic Party proposed creating a legal framework for trading cryptocurrency exchange-traded funds (ETFs) to provide investors with easier investment options. The country's cabinet approved a draft amendment in April to classify crypto as a financial product, moving away from treating it solely as a payment tool.

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