Reports have emerged that Japan plans to assess the effectiveness of its cryptocurrency rules. The review, which will take place over the next few months, could pave the way for the launch of crypto exchange-traded funds (ETFs) in the country. The news was first reported by Bloomberg, which quoted an unnamed official from Japan’s Financial Services Agency (FSA). According to the report, the review will measure how adequate the country’s current approach to crypto regulation has been under the Payments Services Act (PSA). Initially enacted in 2009, Japanese lawmakers have amended the PSA several times to address the changes.
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