Japan's Financial Services Agency Minister: The possibility of launching a crypto ETF is not ruled out, but it needs to be "carefully considered"

BlockBeats news, on August 7, Hideki Ito, Commissioner of the Financial Services Agency of Japan, said in an interview with Bloomberg that many people believe that crypto assets "may not necessarily contribute to the creation of wealth for the Japanese people in a stable and long-term manner." The agency hopes to maintain a "supportive stance on technology" and will not completely rule out the possibility of launching a cryptocurrency ETF. But there are still some things to consider in terms of whether the public should be encouraged to invest in these products.