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Japan’s FSA Splits Crypto With Bold New Dual Framework

  • The Financial Services Agency of Japan has established a regulatory system that classifies digital assets into two distinct categories.
  • Type 1: Business-Purpose Crypto Assets include altcoins from developing projects that obtain their growth through community funding.
  • Type 2: Non-Business Crypto Assets consist of established or decentralized cryptocurrencies such as Bitcoin and Ethereum.
  • The FSA aims to enhance market transparency and stability through this new dual framework for crypto assets in Japan.

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