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Japan Considers Officially Classifying Cryptocurrencies As Financial Products By 2026

  • Japan's financial regulator is planning to change the country's laws to classify cryptocurrencies as financial products by 2026.
  • The upcoming rule change would resemble the regulations already in place for conventional financial products such as stocks, which prohibit trades based on insider information.
  • If enacted, all firms soliciting crypto investments must register with the Financial Services Agency (FSA).
  • Japan's regulatory shift reflects the growing adoption of cryptocurrencies and aims to attract more institutions to crypto investments.

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