Odaily News The head of Japan's financial regulator said "careful consideration" is needed when deciding whether to follow Hong Kong and the United States in approving cryptocurrency-linked exchange-traded funds. Hideki Ito, director of Japan's Financial Services Agency, said 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, and other countries are currently taking a more "conservative stance" on cryptocurrency investments by retail investors. Ito said the agency wants to maintain a "pro-technology stance" and will not completely rule out the possibility of cryptocurrency ETFs, but there may be things to consider in terms of whether the public should be encouraged to invest in these products. (Bloomberg)