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

PANews reported on March 30 that according to Jinshi, the Japan Financial Services Agency (FSA) is considering regulating internal transactions of cryptocurrency assets. Japanese regulators are considering classifying crypto assets as financial instruments under Japanese law. Japan's FSA is expected to submit a draft amendment to the Financial Transaction Law to Parliament as soon as the next year. Japan's FSA hopes that when trading crypto assets for investment purposes, they can prevent unfair trading. It is expected that a financial committee (under the Japanese FSA) will discuss more details of the aforementioned draft amendment starting in the summer of 2025.