Reports from Nikkei business daily suggest that Japan’s Financial Services Agency (FSA) is poised to make a significant amendment to its Financial Instruments and Exchange Act. The proposed change would see cryptocurrencies officially recognized as financial assets. This is a key development in the nation’s financial landscape.
The implications of this move are far-reaching. With the official classification of cryptocurrencies as financial assets, they would become subject to insider trading regulations. This means that any trades based on non-public information would be strictly prohibited. According to the report, the FSA is likely to present this legislative proposal to the parliament as soon as 2026.
