Japan’s parliament has passed an amendment to the Financial Instruments and Exchange Act, according to ChainCatcher. The revision classifies crypto assets as financial assets under the legal framework. It also introduces insider trading rules tied to crypto assets and adds tougher penalties. The update points to a stricter regulatory approach in how Japan handles digital asset oversight.
Japan’s parliament has passed an amendment to the Financial Instruments and Exchange Act that classifies crypto assets as financial assets, according to ChainCatcher.
The amendment also introduces insider trading rules and tougher penalties.
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