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Japan Moves Toward Crypto Investment Trusts As Demand Surges
Japan’s largest asset managers are preparing to launch the country’s first cryptocurrency investment trusts as regulators move toward easing long-standing restrictions. Six major firms — including Daiwa, Asset Management One, Amova, and Mitsubishi UFJ — say they are developing products ahead of expected rule changes from Japan’s Financial Services Agency (FSA). Currently, crypto cannot be included in investment trusts under Japan’s Investment Trust Act. The FSA plans to reclassify digital assets under the Financial Instruments and Exchange Act by 2026, treating crypto like stocks and bonds. This would ... (full story)