Nikkei: Japan's Financial Services Agency plans to propose formal classification of crypto assets as financial products


Nikkei News reported on Sunday that the Japanese Financial Services Agency plans to propose officially classifying crypto assets as financial products, as part of new regulations on insider trading of cryptocurrencies. It is reported that the Japanese Financial Services Agency plans to submit an amendment to the Financial Instruments and Exchange Act to the Diet as early as 2026, following a closed-door expert analysis of the existing legal framework. Currently, Japan classifies cryptocurrencies as a means of settlement under the Payment Services Act.