Japan’s FSA Plans to Propose Crypto as Financial Assets: Report
The Financial Services Agency of Japan is now planning to make a significant change to the country’s cryptocurrency regulation and is working on the amendment of the Financial Instruments and Exchange Act to include cryptocurrencies in the insider trading laws.
This was reported by Nikkei on March 31 as a part of the new global trend in the regulation of digital assets. The FSA may submit the amendment to Japan’s parliament as early as next year.
This proposed change is in line with a general shift of global regulatory agencies to review their stance on digital assets. For instance, the U.S. Commodity Futures Trading Commission (CFTC) recently made a statement that digital asset derivatives are going to be treated as other…
