Japan Plans to Reclassify Cryptocurrencies as Financial Products by 2026

Japan Plans to Reclassify Cryptocurrencies as Financial Products by 2026

Japan's Financial Services Agency (FSA) is preparing to reclassify cryptocurrencies as financial products, aiming to enhance regulatory oversight and address issues such as insider trading within the digital asset market. This initiative involves amending the Financial Instruments and Exchange Act, with the FSA planning to present the proposed legislation to Japan's parliament as early as 2026. Currently, cryptocurrencies in Japan are ca...

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