The Inflexible FSC and Japanese FSA Both Prohibit Bitcoin ETF Trading and Ban Cross-Delegation

After the opening of a Bitcoin futures ETF in the United States, the Japanese securities firm “SBI Securities” also received many customer purchase requests. However, “SBI Securities” stated that since the purchase of overseas ETFs in Japan requires approval from the Japanese Financial Services Agency, they have not yet received any relevant notification and therefore cannot provide the purchase.

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