Japan Eyes Stricter Rules As Crypto Complaints Rise
- Japan considers shifting crypto from payment tools to financial products.
- Regulators cite rising complaints and volatility as reasons for stricter oversight.
- Proposed reforms include unified tax rules and enhanced disclosure requirements.
Japan is preparing for what could become its change of digital-asset oversight in more than a decade, with regulators warning that the country’s existing framework no longer reflects how crypto markets function.
The Financial Services Agency (FSA) is weighing a legal overhaul that would reclassify many cryptoassets as financial products rather than payment instruments, following steep growth in domestic accounts and a sustained rise in consumer complaints. Officials state that the possible shift…
