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🚨 Japan Tightens Cryptocurrency Regulations
A major step by Japan after approving the amendment to the Financial Instruments and Exchange Act 👀
📊 What does this mean?
◻️ Classifying crypto as financial products
◻️ Banning trading based on insider information
◻️ Mandatory annual reports for projects
🏢 Changing the designation to Crypto Asset Dealer
⚠️ Penalties of up to 10 years in prison + hefty fines
🔥 If officially adopted (2027) it could become a global standard
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