Japan’s financial watchdog moves to redefine cryptocurrencies as financial instruments

31-3-2025 – Japan’s financial watchdog is crafting sweeping reforms to redefine cryptocurrencies as financial instruments. The Financial Services Agency’s ambitious initiative, slated for parliamentary consideration by 2026, marks a decisive step towards modernising the country’s approach to digital assets. At present, virtual currencies operate under the Payment Services Act’s framework, where they are merely [. source: https://www.cointrackdaily.com/japans-financial-watchdog-moves-to-redefine-cryptocurrencies-as-financial-instruments/