Japan Unlocks Crypto Interest Rewards: US Banks Locked Out by Regulation
Japan's SBI Shinsei Bank is letting depositors swap fiat interest for BTC, ETH, or XRP. This bold move highlights a stark regulatory divergence from the US, where similar initiatives face legislative roadblocks.
SBI Shinsei Bank is rolling out a trial allowing depositors to convert up to 20% of their earned interest into Bitcoin, Ethereum, or XRP. This isn't about chasing yield; it's about giving everyday savers a taste of crypto exposure directly from their bank accounts. The underlying deposits remain insured yen, with only the interest portion gaining digital asset exposure via a linked SBI VC Trade account.