Summary
- Japan's government approved a bill to revise the Financial Instruments and Exchange Act and classify crypto assets as financial products.
- The amendment would redefine crypto under the Payment Services Act from a means of payment to a financial product, reflecting its role as an investment asset.
- The bill includes a ban on insider trading using nonpublic information and a once-a-year disclosure requirement for crypto issuers.
Forecast Trend Report by Period
Japan's government has approved a bill to classify crypto assets, or cryptocurrencies, as financial products.
Nikkei reported on April 10 that the government approved an amendment to the Financial Instruments and Exchange Act at a Cabinet meeting. The bill would bring digital assets under the scope of financial-product regulation.
Crypto assets in Japan have so far been categorized as a means of payment under the Payment Services Act. The amendment would redefine them as financial products to reflect their growing role as investment assets. It could take effect as early as 2027 after deliberation in parliament.
The bill also includes a ban on insider trading using nonpublic information and requires crypto issuers to disclose information once a year.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
