In a significant move for the cryptocurrency landscape in Asia, Japan's newly elected Prime Minister Sanae Takaichi has voiced her support for the acceptance of cryptocurrency donations. This endorsement comes as both Japan and Hong Kong are making strides towards greater integration of digital assets into their financial systems. The publication provides the following information:
Cryptocurrency Donations Permissible in Japan
Prime Minister Takaichi emphasized that cryptocurrency donations are permissible under current Japanese laws, signaling a potential shift in the government's stance towards digital currencies. This development could pave the way for increased participation in the crypto space by both individuals and organizations in Japan.
Standard Chartered to Launch Virtual Asset ETF Trading in Hong Kong
Meanwhile, in Hong Kong, Standard Chartered is set to launch virtual asset ETF trading in November, marking a significant step for traditional financial institutions in embracing cryptocurrencies. This initiative is expected to attract a broader range of investors and further legitimize the use of digital assets in the region.
Growing Acceptance of Cryptocurrencies in Asia
Together, these developments highlight a growing acceptance of cryptocurrencies in Asia, reflecting a broader trend towards digital finance.
In a related development, Relai has recently secured a MiCA license, enabling it to offer regulated Bitcoin services across the EU. This milestone complements the growing acceptance of cryptocurrencies in Asia, as highlighted by Japan's Prime Minister Takaichi's support for crypto donations. For more details, see read more.
