Japan Reclassifies Crypto as a Financial Instrument, Bringing Insider Trading Bans and Securities-Grade Oversight to 13 Million Accounts
Japan's cabinet approved a landmark amendment to the Financial Instruments and Exchange Act on 10 April, elevating crypto from a payment tool to a regulated investment product. The move introduces insider trading prohibitions, mandatory issuer disclosures, and penalties of up to ten years in prison for unlicensed operators.
