Japan to give crypto assets legal status as financial products, Nikkei says

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Japan to give crypto assets legal status as financial products, Nikkei says

^{Published on 2025-03-30 23:21:06 - Reuters}

Japan's Financial Services Agency (FSA) plans to revise the Financial Instruments and Exchange Act to give crypto assets a legal status as financial products, the Nikkei business daily said on Sunday,

Japan is set to grant legal status to cryptocurrencies as financial products, according to a report by Nikkei. This legislative move aims to enhance investor protection by categorizing crypto assets similarly to traditional financial securities. The proposed changes will allow crypto exchanges to operate under the same regulatory framework as other financial institutions, potentially increasing the legitimacy and stability of the crypto market in Japan. The government plans to revise the Financial Instruments and Exchange Act to include these assets, with the changes expected to be implemented as early as 2024. This development is part of Japan's broader strategy to foster innovation in the financial sector while ensuring robust regulatory oversight.

Read the Full Reuters Article at:
[ https://www.msn.com/en-us/money/topstories/japan-to-give-crypto-assets-legal-status-as-financial-products-nikkei-says/ar-AA1BVXIu ]

N@N

Japan to give crypto assets legal status as financial products, Nikkei says