Japan to Triple Prison Terms for Unregistered Crypto Sales

Japan’s Financial Services Agency will dramatically tighten penalties for unlicensed cryptocurrency sales, Nikkei reported on March 16. Maximum prison terms will more than triple, from 3 to 10 years, under the proposed revision. The move marks Japan’s clearest signal yet that it will regulate crypto as a full-fledged financial product, not a payment tool. Penalties
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