Japan plans to reclassify cryptocurrencies as financial products and implement insider trading restrictions similar to those for traditional financial markets, Nikkei reported Sunday.
For these changes, Japan’s Financial Services Agency (FSA) is looking to submit legislation to its parliament as early as 2026, following closed-door consultations with industry experts.
The proposed changes would revise the Financial Instruments and Exchange Act, positioning digital assets differently from securities while acknowledging their investment characteristics.
While specific criteria on the restriction remain under consideration, Nikkei reports that those would likely “resemble” what’s already in place for “conventional financial products.”
Japan’s
Apr 29 2025
