Japan’s cabinet has submitted a bill to parliament that would reclassify crypto assets from payment instruments to financial assets, according to Techub, citing NewsBTC. The move is intended to lay regulatory groundwork for a spot Bitcoin ETF in Japan, though officials said it should not be read as an immediate green light for approval. Instead, the proposal is framed as part of a longer-term effort to build out the country’s regulatory structure for crypto-linked investment products. If adopted, the change would expand the Financial Services Agency’s authority over areas tied to investment products, including custody, valuation and investor protection rules. The bill also points to a broader shift in Japan’s regulatory approach. After taking a cautious stance following the collapse of early exchanges, the country is now moving from a payment-focused framework toward one centered more on investment oversight.
Japan’s cabinet has submitted a bill to parliament that would reclassify crypto assets from payment instruments to financial assets, Techub reported, citing NewsBTC.
The proposal is designed to create a regulatory basis for a spot Bitcoin ETF in Japan. Officials, however, said the bill does not amount to immediate approval and should be seen as part of a longer-term regulatory framework.
The change would broaden the Financial Services Agency’s authority over investment products, including rules covering custody, valuation and investor protection.
According to the report, the legislation marks an important shift in Japan’s crypto regulatory logic from a payment-oriented model to an investment-oriented one, after the country adopted a cautious stance following the failure of early exchanges.
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