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Japan passes crypto overhaul to bring digital assets under financial rules

The Cointelegraph ​

Cryptocoins News / The Cointelegraph ​ 55 Views

Japan passes crypto overhaul to bring digital assets under financial rules

Japan’s revised Financial Instruments and Exchange Act introduces crypto insider trading rules, tougher penalties and new oversight requirements for crypto businesses.

Japan is set to reshape its cryptocurrency market with stricter trading rules, stronger user protections and a framework closer to traditional finance.

The country’s parliament on Wednesday passed revisions that classify crypto assets as financial assets under Japan’s Financial Instruments and Exchange Act (FIEA), according to a report by local news agency Nikkei.

The changes move Japan’s crypto regulation away from the Payment Services Act (PSA), which treated digital assets primarily as payment instruments, and introduce insider trading rules and stronger oversight for crypto businesses.

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