Bitcoin Futures Get Cold Shoulder From Japanese Regulator www.bloomberg.com

posted by  banzaitokyo | 1 year ago in Science & Technology

Japan’s financial regulator is in no hurry to follow the U.S. and enable the listing of futures contracts linked to cryptocurrencies, according to a senior Financial Services Agency official with direct knowledge of the matter.

The FSA has had internal discussions and currently sees no need for law changes required to allow such products, the official said, asking not to be identified in accordance with the agency’s policy. It may consider such a move in the future if demand for settling transactions increases and a need for hedging tools emerges, the official added.