Japan Passes Bill Reclassifying Crypto as Financial Instruments

The Japanese government has approved an amendment to the Financial Instruments and Exchange Act, officially reclassifying cryptocurrencies as financial instruments. Key Takeaways: Japan reclassified crypto as financial instruments under the FSA to curb insider trading by 2027. Proposed tax cuts from 55% to 20% aim to align digital assets with traditional Japanese stocks. Unregistered sellers […]...