On March 30, the Japanese Financial Services Agency (FSA) is considering implementing regulations on internal trading of cryptocurrency assets. Japanese regulatory authorities are considering classifying crypto assets as financial instruments under Japanese law. The FSA is expected to submit a draft amendment to the Financial Transactions Act to the parliament as early as the next fiscal year.

The Japanese FSA hopes to prevent unfair trading practices when conducting crypto asset transactions for investment purposes. A financial committee under the FSA is expected to begin discussing more details of the proposed amendment from the summer of 2025. (Jinshi)