Japan Proposes Merging Crypto Oversight with Securities Act
TLDR
- Japan’s government proposes moving cryptocurrency regulation under the Financial Instruments and Exchange Act.
- The Financial Services Agency aims to align crypto oversight with securities law for better investor protection.
- Cryptocurrencies would be classified alongside securities, subjecting issuers and exchanges to stricter compliance requirements.
- Some experts, including Naoyuki Iwashita, express concerns over applying securities law to all cryptocurrencies.
- The FSA plans to submit a legislative amendment to the Japanese Diet next year to formalize the changes.
Japan’s government is proposing a shift in cryptocurrency regulation, considering merging crypto oversight under the Financial Instruments and Exchange…
