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The fastest will be next year! Japan passes an amendment: classifies cryptocurrencies as "financial products" to strengthen regulation
On April 10, the Japanese government passed an amendment to the Financial Instruments and Exchange Act for the first time, classifying cryptocurrencies as “financial products” to be brought under regulation, and strictly prohibiting the use of undisclosed information for insider trading.
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The Japanese government recently (4/10) held a cabinet meeting and formally approved the amendment to the Financial Instruments and Exchange Act. For the first time, it classifies cryptocurrencies as “financial products” for regulation, explicitly bans “insider trading” using undisclosed information, and requires cryptocurrency issuers to disclose information once a year to create a healthier market environment.
According to a report by Nikkei, if the amendment passes smoothly through the current session of the parliament, it is expected to be officially implemented as early as the 2027 fiscal year.
In the past, Japan’s Financial Services Agency (FSA) has been treating cryptocurrencies as “payment instruments” and regulating them under the Act on Payment Services (Funds Settlement Act). However, as crypto investment becomes increasingly prominent, the authorities have decided to include cryptocurrencies within the regulatory scope of the Financial Instruments and Exchange Act, and the name of registered operators will change from the current “crypto asset exchange operators” to “crypto asset trading operators.”
To strengthen investor protection, the new version of the amendment significantly increases penalties. For those who sell tokens without registration, the maximum prison term will be raised from 3 years to 10 years; at the same time, the upper limit on fines has been increased by more than three times, from 3 million yen to 10 million yen.
Japanese Finance Minister Shunichi Katayama emphasized at a press conference after the cabinet meeting: “In the face of the rapidly changing financial capital markets, we must