Nikkei reported that Japan’s cabinet approved a bill to reclassify crypto assets as financial products, marking a meaningful shift in how the country intends to oversee the sector. The measure would bring crypto under a stricter regulatory framework rather than leaving it in a lighter standalone category.
The proposal would expand oversight in several concrete ways. The rules would ban insider trading, require issuers to publish annual disclosures, and introduce tougher penalties that can reach up to 10 years in prison. The draft amendment would place cryptocurrencies under Japan’s Financial Instruments and Exchange Act, giving the market a more securities-like compliance structure.
What makes this move stand out is that Japan is no longer treating crypto as a side category that can be regulated with bespoke light-touch rules. By pushing it closer to the country’s main financial law architecture, the government is signaling that digital assets are becoming a matter of mainstream market supervision, disclosure discipline and conduct enforcement.
Source: Nikkei.
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