Japan is taking decisive steps to move cryptocurrency out of the regulatory fringes and into the country's mainstream financial system, as authorities prepare to subject major digital assets to rules similar to those governing stocks, bonds, and other securities.
The Financial Services Agency (FSA) is working on reforms that would reclassify widely traded cryptocurrencies under Japan's Financial Instruments and Exchange Act, marking a significant departure from the current framework that treats crypto largely as a payment-related asset. The move would place digital assets within the same legal structure that governs traditional investment products.
