Japan plans to revise cryptocurrency legislation
Japan's financial regulator, the FSA, has decided to review the country's cryptocurrency laws, aiming to include the possibility of classifying digital assets as financial products "on par with securities." This is reported by the Nikkei portal.
A group of experts from the agency will analyze the current regulations and present a reform plan by the end of June 2025. The specialists intend to request feedback from the Financial System Council, which will meet in the fall.
The proposals will be refined based on the feedback and are expected to be submitted to the government in 2026. The new rules may be introduced as part of the Financial Instruments and Exchange Act or the Payment Services Act, which regulates payment instruments.
Earlier, we reported that Japan's authorities do not plan to create a national bitcoin reserve fund due to the high investment risks associated with cryptocurrency.
