Japan ETFs said likely to trade by 2028 as SBI, Nomura ready products | Japanese finance firm hit…

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Japan ETFs said likely to trade by 2028 as SBI, Nomura ready products

Crypto exchange-traded funds (ETFs) could be listed in Japan in 2028, Nikkei reported Monday, without saying where it got the information.

The regulator, the Financial Services Agency (FSA), plans to allow cryptocurrencies as specified assets for ETFs under the Investment Trust Act, Nikkei said, adding that asset management experts estimated crypto ETFs in Japan could reach 1 trillion yen ($6.4 billion).

A 2028 debut is later than reported by Reuters in November. The news organization said the FSA was refining rule changes that would allow crypto trading services and ETFs to come into effect in 2026 or 2027 after approval by parliament.

The regulator did not respond to a CoinDesk request for confirmation sent after Tokyo office hours.

Japanese finance firm hits back against Bitcoin ETF timeline: ‘2028 is too late’

Japanese finance firms are unhappy with government plans to delay the approval of Bitcoin exchange-traded funds for two years.

The top financial markets agency says the timeline is necessary to ensure its crypto ETF ban lifts in tandem with new digital asset tax reforms that are due to go live in 2028, Japanese newspaper Nihon Keizai Shimbun reported.

But at least one of these securities players says Tokyo is failing to act fast enough to keep up with global trends.

“Lifting the ban in 2028 is too late,” Tomoya Asakura, CEO of SBI Global Asset Management, wrote on X. “We strongly urge the government to lift the ban sooner rather than later.”

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