Japan’s Biggest Crypto Banking Experiment Is Here, and the US Can’t Do This Yet

BeInCrypto Editorial

(11:30 AM UTC)

1 min read

SBI Shinsei Bank will let depositors convert up to 20% of their earned interest into Bitcoin (BTC), Ethereum (ETH), or XRP. The trial starts June 10 and ranks among Japan’s boldest crypto banking experiments yet.

The deposits stay in yen and keep their deposit insurance. Only the interest portion gains crypto exposure, and customers need a linked SBI VC Trade account to redeem the vouchers.

How…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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