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Japan's FSA Explores New Regulations To Classify Crypto as Financial Products

CoinMarketCap
Summary
Nutrition label

82% Informative

Japan 's Financial Services Agency is set to propose a significant reclassification of cryptocurrency assets by 2026 .

The move aims to designate cryptocurrencies as financial products under the Financial Instruments and Exchange Act , a shift from their current classification as a means of settlement under the Payment Services Act .

This regulatory change comes amid a rise in reports of cryptocurrency-related scams.

VR Score

85

Informative language

89

Neutral language

29

Article tone

formal

Language

English

Language complexity

81

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

Affiliate links

no affiliate links

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