Japan weighs allowing banking groups to trade cryptocurrencies

Move aims to level playing field with brokerages amid market growth

20251021N Cryptocurrency

Japan’s active crypto accounts reached 7.88 million in August, quadrupling over five years. © Reuters

LEJUN WANG

TOKYO -- Japan's Financial Services Agency is considering allowing members of banking groups to launch a cryptocurrency asset trading service, Nikkei has learned, a space now dominated by affiliates of securities groups.

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