Japan's FSA considers classifying crypto assets as financial instruments and regulating internal transactions

According to Jinshi, Japan's Financial Services Agency (FSA) is considering regulating internal transactions of crypto assets.

Japanese regulators are considering classifying crypto assets as financial instruments under Japanese law.

The Japanese FSA is expected to submit a draft bill to the parliament to revise the Financial Transactions Act as early as next year.

The Japanese FSA hopes that they can prevent unfair trading practices when trading crypto assets for investment purposes.

A financial committee (under the Japanese FSA) is expected to discuss more details of the aforementioned draft amendment starting in the summer of 2025.