Japan Moves to Overhaul Crypto Regulatory System
Japan is taking a major step to reshape how cryptocurrencies are regulated, signaling a shift toward treating digital assets as a core part of the financial system. This move reflects the country’s effort to keep up with the growing importance of crypto while protecting investors and ensuring market stability. At the center of this change is Japan’s financial regulator, the Financial Services Agency. The agency is working to reclassify cryptocurrencies so they are no longer seen mainly as payment tools, but as investment assets. This means that instead of being regulated under payment laws, crypto assets will now fall under…