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.