SBI clarifies that it has not submitted a cryptocurrency ETF application and will reconsider after the revision of Japanese regulatory laws.

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[Chain News] PANews, August 8th – According to a representative from SBI Holdings clarifying to a media outlet, the company has not submitted any ETF applications related to encryption assets. Previously, some media reported that SBI had submitted two ETF applications, including a dual ETF for gold and encryption assets as well as a dual ETF for Bitcoin and XRP, but its financial report did not explicitly confirm this news. SBI stated that the relevant plans are still in the preliminary stage, and applications will be made after legal revisions are completed by the Japanese financial regulatory authority. The Financial Services Agency (FSA) of Japan had previously proposed to include specific encryption assets under the Financial Instruments and Exchange Act (FIEA), but the specific timetable has not yet been determined. Future applications will be submitted by SBI Holdings' subsidiary SBI Global Asset Management, with the initial target being individual investors, aiming to promote the popularization of alternative investments.

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RegenRestorervip
· 2h ago
You must have misjudged it, who spread the rumor?
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GasFeeCriervip
· 13h ago
Funny, the legal revision hasn't even arrived and it's already being spread.
View OriginalReply0
liquiditea_sippervip
· 13h ago
A false joy
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DefiEngineerJackvip
· 13h ago
*sigh* another TradFi player waiting for regulatory handholding... weak alpha tbh
Reply0
WalletInspectorvip
· 13h ago
Chicken feather second-hand fake news ah
View OriginalReply0
AllInAlicevip
· 13h ago
Regulation hasn't been in place yet, but they're still bold.
View OriginalReply0
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