Japan Set to Classify Crypto as Financial Products: Major Implications for Investors & Exchanges

Japan’s financial regulator, the Financial Services Agency (FSA), is poised to dramatically alter its approach to cryptocurrency regulation by classifying it as a financial product under the country’s Financial Instruments and Exchange Act. This move could lead to cryptocurrencies falling under the same rules as stocks when it comes to insider trading laws. A potential bill targeting this classification could be introduced as early as next year, marking a significant shift in how Japan handles digital assets.