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Will Japan Launch Bitcoin And Ethereum Crypto ETFs? Key Industry Group Pushes for Approval

  • A coalition of Japanese companies recommends focusing on Bitcoin (BTC) and Ethereum (ETH) for upcoming crypto ETFs in Japan.
  • Japan has been cautious about approving crypto ETFs, but the coalition urges the regulator to prioritize BTC and ETH due to their market value and long-term performance.
  • The coalition also advises Japan to reconsider its tax policies on crypto income to attract more digital currency investment.
  • Key players in Japan's financial landscape, including Mitsubishi UFJ Trust and Banking Corp., Sumitomo Mitsui Trust Bank Ltd., and crypto exchange bitFlyer Inc., are part of the coalition.

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