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.