Japan’s Financial Services Agency (FSA) is reportedly considering reforms that would allow domestic banks to acquire and hold digital assets, including Bitcoin, for investment purposes. 

This would be a drastic move away from the conservative stance established in 2020, when local banks were barred from holding crypto due to concerns over volatility and financial stability.

Under the proposed framework, banks could trade digital assets similarly to stocks and government bonds, with specific safeguards designed to ensure their financial soundness. The FSA plans to develop risk management protocols to mitigate the potential impact of sudden price swings on banks’ balance…

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