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According to the latest encrypted news, the Financial Services Agency (FSA) of Japan has denied that it is considering the possibility of selling the funds traded on the stock exchange with Bitcoin (BTC) (ETF).
Bloomberg who recently published an article asking that the Japanese FSA see the support of a Bitcoin ETF, citing an unnamed source. Following the reports, Cointelegraph Japan communicated the regulatory authority and the FSA legislative authorities denied Bloomberg's claims by stating:
"Right now, we're not exploring an endorsement of ETFs based on cryptographic resources."
In December, the company stated that the Japanese financial services agency (FSA) is evaluating the hypothesis of placing cryptocurrencies in a new legal category called cryptocurrency assets. The Japanese FSA is ready to begin a new guide to the initial supply of coins (ICO) to protect depositors from fraud. Employees of companies that manage ICOs will presumably be essential for the list with the FSA. According to the report, the National Police Agency (NPA) stated that there have been more than 6,000 reports to the Japanese police on alleged illegitimate use of cryptocurrencies, such as AML, between January and September.
In comparison, the number of such reports last year was 669, but their number increased after the April request for a law helped the cryptic exchange operators to provide information to the police if they noticed doubts about the transactions in digital currency.
Cryptocurrency investors observed the formation of reserves traded in cryptocurrency as a method to accelerate the development in the cryptocurrency markets in decline since mid-2018. Although the limited banks have not yet issued a statement on how they wish to respond to this development, The prevailing thought is that large capital investment firms are waiting for more substantial guidelines before investing their currency in the crypto trade. The Winklevoss twins, both co-founders of long-standing Bitcoin and supporters of the Gemini cryptocurrency exchange, were predominantly dynamic in January 2019 in raising awareness for the ETF's approval. Recently, the twins have contributed in an AMA on Reddit, causing a variety of arguments regarding cryptocurrency and Bitcoin. However, the main course of action for their conversation was a greater regulatory presence and the push for ETF approval, giving a strong hint to the place where their attention is being held.
In addition, the owners have also made a statement of a new marketing operation by Gemini that has positioned itself around the education requirement to give and take in the cryptocurrency markets.
