FSA Moves to Classify Digital Assets as Financial Instruments
Japan is finally calling crypto what it is: an investment asset.
The Financial Services Agency (FSA) is preparing a historic reclassification of crypto, moving it out of the Payment Services Act (where it’s treated like digital cash) and into the Financial Instruments and Exchange Act (FIEA), the same legal framework that governs stocks, bonds, and ETFs.
This is the legal shift needed to unlock lower taxes.
What’s happening
The FSA has concluded that crypto is overwhelmingly used for investment, not payments. The report states that domestic and global…
