BlockBeats News, March 30th, the Japan Financial Services Agency (FSA) is considering regulating internal transactions of cryptocurrency assets. The Japanese regulatory authority is considering classifying crypto assets as financial instruments under Japanese law. It is expected that the Japan FSA will submit a draft amendment to the Financial Instruments and Exchange Act to the parliament as early as the next fiscal year.
The Japan FSA hopes that when conducting cryptocurrency asset transactions for investment purposes, they can prevent unfair trading practices. It is expected that a Financial Council (under the Japan FSA) will start discussing more details of the aforementioned amendment draft from the summer of 2025. (FXStreet)
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