Japan proposes moving ‘crypto’ from payments to securities
Japan’s Financial Services Agency (FSA), the country’s top financial regulator, on Wednesday released a report that proposes moving digital asset regulation from its current position under the Payment Services Act (PSA) to be governed by the Financial Instruments and Exchange Act (FIEA), which is the regulatory framework for securities markets, issuance, trading, and disclosures.
“The FIEA is based on the concept of building a comprehensive investor protection framework covering a wide…
