- Japan’s government approved a bill to revise the Financial Instruments and Exchange Act and classify crypto assets as financial products.
- The amendment would redefine crypto under the Payment Services Act from a means of payment to a financial product, reflecting its role as an investment asset.
- The bill includes a ban on insider trading using nonpublic information and a once-a-year disclosure requirement for crypto issuers.
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Japan’s government has approved a bill to classify crypto assets, or cryptocurrencies, as financial products.
Nikkei reported on April 10 that the government approved an amendment to the Financial Instruments and Exchange…
