Japan's Banks May Soon Hold Bitcoin [Yahoo! Finance]
Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG)
US:NYSE Investor Relations:
smfg.co.jp/english/investor
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Source: Yahoo! Finance
Japan's financial landscape is transforming digitally. The Financial Services Agency (FSA) has begun considering regulatory reforms permitting domestic banks to acquire and hold non-backed crypto assets, such as Bitcoin, for investment. In addition, the nation's three largest banking groups are pursuing a plan to issue yen-pegged stablecoins jointly. This dual push by regulators and traditional finance (TradFi) giants aims to rapidly integrate digital assets into the mainstream economy. FSA Pushes to Integrate Bitcoin into Banking Balance Sheets The FSA's deliberation signals a significant re-evaluation of its conservative regulatory stance. Historically, supervisory guidelines revised in 2020 effectively barred bank groups from acquiring crypto assets for investment, citing extreme volatility concerns. The domestic crypto market, however, is showing robust maturity. Data indicates that the number of crypto accounts opened in Japan surpassed 12 million by the end of February
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SMFG
Sec Filings
- 12/4/25 - Form 6-K
- 12/4/25 - Form 6-K/A
- 12/4/25 - Form 6-K/A
- SMFG's page on the SEC website