Japan Continues to Expand Legal Framework, Promoting the Development of Crypto
Japan is planning to incorporate crypto into the category of 'financial products' before 2026, thereby applying insider trading regulations similar to those for stocks. However, #crypto can still be separated from the securities group, facilitating the flexible development of this sector.
Crypto service businesses in Japan will need to register with the Financial Services Agency of Japan (#FSA ), demonstrating the government's effort to establish a clear and transparent legal framework. Although there are no detailed guidelines on how to manage tokens like BTC, ETH, or memecoins yet, this move is seen as a significant step towards making crypto an official part of Japan's financial system.
This is not the first time Japan has shown an open stance towards crypto. In recent times, the country has continuously implemented supportive policies for the cryptocurrency industry, such as legalizing stablecoins, reducing taxes for businesses holding crypto, and considering licensing crypto ETF funds. Japan’s ongoing improvement of its legal framework not only helps protect investors but also creates a more friendly environment for blockchain companies to thrive. This could position Japan as one of the top crypto hubs in Asia in the coming years. #anhbacong
