Japans Financial Services Agency (FSA) plans to reclassify cryptocurrencies as financial products under new regulations aimed at curbing insider trading within the digital asset market, according to a Nikkei report on Sunday. This move is part of a broader initiative to strengthen oversight of Japans rapidly growing cryptocurrency sector, which has seen an increase in fraudulent activities alongside rising adoption. The FSA intends to submit amendments to the Financial Instruments and Exchange Act (FIEA) to Japans parliament by 2026, following an expert review. Currently, cryptocurrencies are…
Source:: Japan's FSA to Reclassify Cryptocurrencies as Financial Products