Policy Event Β· High impact

Bank of Japan Rate Hike Probability Reaches 69% for April Meeting: Crypto Carry Trade at Risk

Traders now see a 69% chance of BoJ raising rates at the April 28 meeting, according to Bloomberg data. Policy meeting minutes revealed one member calling for bigger rate hike due to Iran conflict inflation impact. The potential carry trade unwind threatens risk assets globally, as years of ultra-low Japanese rates encouraged borrowing in yen to invest in higher-yielding markets including crypto. The yen at 160/USD is weakest since mid-2024.

High impactπŸ‡―πŸ‡΅ JapanπŸ‡ΈπŸ‡¬ SingaporeπŸ‡­πŸ‡° Hong KongRegulationExchangeBTCETH

APAC FINSTAB analysis

For APAC operators, this creates a high-impact signal around regulation, exchange in Japan, Singapore, Hong Kong. Protocols/assets in scope: BTC, ETH. Teams should monitor the original source, map the change to licensing, custody, disclosure, and market-access obligations, and update their jurisdiction playbooks before the next compliance review.

Compliance read-through: map this event to entity licensing, market-access, custody, disclosure, token listing, and operational-risk obligations before expanding or marketing in the affected jurisdiction.

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High impactπŸ‡¨πŸ‡³ ChinaRegulationAMLEnforcement

FCA Consults On DeFi Guidance For Regulated Firms

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High impactπŸ‡¬πŸ‡§ United KingdomRegulationAMLDeFi