Japan Not Considering Approval of Bitcoin ETF, FSA Denies Reports

According to a spokesperson from the Financial Services Agency (FSA), Japan is not considering the approval of a Bitcoin exchange-traded fund (ETF). Speaking to Bitcoin.com, an FSA representative said: There is no such fact that we are considering approving ETFs which track crypto-assets at present. We are not currently considering approving them. Japan Doesn’t See the Need for a Bitcoin ETF Last week, several sources including Bloomberg reported that Japan is exploring the possibility of approving Bitcoin ETFs as an alternative to Bitcoin futures. The reports led to an…

Most Cryptos Need CFTC’s Light Touch, Not SEC Oversight

United States congressman Darren Soto has said that most cryptocurrencies should not be regulated under the country’s securities regulator. Soto made his comments in an interview with financial news channel Cheddar on Jan. 10. According to Soto, crypto should be overseen by the Commodities and Futures Trading Commission (CFTC) and Federal Trade Commission (FTC) — rather than classed as securities under the Securities and Exchange Commission (SEC)’s charge. Soto, a Democrat, is a member of the U.S. House of Representatives for the 9th District of Florida, and spearheaded a bipartisan…