by Alimat Aliyeva

Japan’s parliament has passed an amendment to the Financial
Instruments and Exchange Act that officially classifies
cryptocurrencies such as Bitcoin as financial assets,
AzerNEWS reports, citing foreign media.

Under the revised law, crypto assets will now be subject to
insider trading regulations, meaning investors and companies will
be prohibited from making trades based on confidential information
that has not been made public. Businesses that issue new
cryptocurrencies to raise funds will also be required to provide
greater transparency and disclose how the collected money will be
used.

Previously, cryptocurrencies in Japan were mainly regulated as a
means of payment under the Payment…