Japan Regulators Denies Considering Approving a Bitcoin ETF

[squatter]

The FSA has now denied its interest in ETFs, for the time being, suggests the news reported at Bloomberg may have been fed by someone with an interest in reviving interest in crypto trading in Japan.

A spokesperson for the agency clarified on Friday:

There is no such fact that we are considering approving ETFs which track crypto-assets at present … we are not currently considering approving them.

That sounds about right. I always thought the story sounded fishy. Not long ago, the FSA was really negative about allowing Bitcoin futures. Moving to approve an ETF shortly after wouldn't make any sense.

I get the feeling the FSA wants to dampen Bitcoin speculation, not add to it.

[Burogh]

Hopely SEC will approve bitcoin ETF and BAKKT start. Japan is one largest country in cryptomarket and i think if FSA approve bitcoin ETF it will be good for bitcoin price and cryptomarket. Decision already been made and i think crypto will survive with ETF approval or not

[Barcode_]

Even though the Japan regulators might not be interested to approve a bitcoin ETF at the moment, but I believe if the USA government officials have decide to approve a bitcoin ETF, Japan will eventually launch a bitcoin ETF in their own country too, and I believe the chance for a bull market to return in the crypto-currencies trading market would be high.

[Frideric]

Japan is very intelligent and developed country, so the question to such a serious topic is important, that is, they are all very carefully considered before they let something into their country. Of course there will be a lot of manipulations, various news about this, so it’s worth checking the sources from where this material comes from.

[Red-Apple]

Even though the Japan regulators might not be interested to approve a bitcoin ETF at the moment, but I believe if the USA government officials have decide to approve a bitcoin ETF, Japan will eventually launch a bitcoin ETF in their own country too, and I believe the chance for a bull market to return in the crypto-currencies trading market would be high.

ETFs will eventually be accepted in multiple different countries, nobody is waiting for others to do it first. they have other kind of concerns, not to mention that the ETF proposals were somewhat flawed for example when it comes to getting their price they were relying solely on one exchange. and some other issues that have been outlined before.

[Den2018]

Japan will always carefully consider the technologies that did not make itself, the country is very developed and it does not want to, God forbid, miss it.

[posi]

Japan will always carefully consider the technologies that did not make itself, the country is very developed and it does not want to, God forbid, miss it.

You're right about Japanese carefully consider technologies but I'm surprised with what the Japanese regulators did because we all know them as a country thats crypto friendly and everybody in the crypto community see bitcoin ETF as a way to push the crypto business forward. However, i believe the Japanese denies the bitcoin ETF approval because they want to see what the US SEC will do first which the reason behind their actions.