Japan's FSA is considering regulating internal transactions of cryptocurrency assets, classifying cryptographic assets as financial instruments.

BlockBeats News, March 30: The Japan Financial Services Agency (FSA) is considering regulating internal transactions of crypto assets. Japanese regulators are considering classifying crypto assets as financial instruments under Japanese law. It is expected that the Japan FSA will submit a draft proposal to revise the Financial Instruments and Exchange Act to the parliament as early as the next fiscal year.

The Japan FSA hopes that when engaging in crypto asset transactions for investment purposes, they can prevent unfair trading practices. It is expected that a financial committee (under the Japan FSA) will begin discussing more details of the aforementioned revision proposal starting from the summer of 2025. (Kinshi)