Japan's Financial Services Agency (FSA) plans to revise the Financial Instruments and Exchange Act to give crypto assets legal status as financial products.
This was reported by Reuters, citing the Nikkei business publication.
As part of the initiative, crypto assets will be placed under insider trading restrictions that prohibit buying and selling based on undisclosed inside information.
The FSA will submit a bill to parliament as early as 2026 to amend the Financial Instruments and Exchange Act.