Japanese regulator denied information about plans to approve bitcoin ETF The Japanese Financial Services Agency (FSA) has denied information that it is considering approving an exchange-traded fund (ETF) pegged to bitcoin, writes Cointelegraph.

Japanese regulator denies information about plans to approve Bitcoin ETF

The Japanese Financial Services Authority (FSA) has denied reports that it is considering approving an exchange-traded fund (ETF) pegged to Bitcoin, Cointelegraph writes.

Earlier, Bloomberg, citing anonymous sources, wrote that the FSA could make a positive decision on the Bitcoin ETF, despite the fact that the regulator had previously refused to release cryptocurrency futures on the market, citing their speculative nature as a reason.

"IN present time we are not considering the possibility of approving an ETF based on cryptocurrency assets, "- said a spokesman for the department, adding that he does not know the person who could transfer such information to Bloomberg.

In October, the FSA approved a proposal by the local cryptocurrency business association to establish self-regulation for market participants, giving the organization the ability to issue official rules.

In December, the FSA announced that it will henceforth refer to cryptocurrencies as "cryptocurrency assets" so that consumers do not get the false impression that they are a full-fledged means of payment..

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