Japan plans to make rules during the year to ban trust investments targeting virtual currency

The Japan Financial Services Agency plans to establish a restriction rule in 2019 to prohibit the formation and sale of trust investments that use virtual currency as an investment target. According to the revised policy, the commercialization of investment trusts related to virtual currency cannot be carried out in Japan. At present, there is no virtual currency trust investment transaction in Japan, but the Financial Affairs Office plans to exclude it from the investment investment before commercialization, due to imperfect infrastructure in the virtual currency market.