Japan Reclassifies Cryptos as Financial Products
This is a Japan news story, published by MSN, that relates primarily to The Financial Services Agency news.
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financial regulatorSeekingAlpha
•Business
Business & Economics
Japan's financial watchdog set to relabel crypto assets as financial products
79% Informative
The Payment Services Act treats cryptos as payment methods rather than investment options, leaving oversight stretched thin on insider trading in the Japanese crypto market.
The Financial Services Agency is planning to submit revisions to the Financial Instruments and Exchange Act to Japan 's parliament by 2026 .
The FSA reportedly said last year it will start a review of its rules for the crypto sector.
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