🚀 Japan's Financial Services Agency (FSA) is gearing up to reclassify cryptocurrencies as financial products, aiming to tighten the reins on insider trading within the digital asset market. This shift is part of a broader initiative to bolster oversight in Japan's burgeoning crypto ecosystem, which has seen increased adoption and a rise in fraudulent activities.

- The FSA plans to amend the Financial Instruments and Exchange Act (FIEA) by 2026, following expert reviews.

- Currently, cryptocurrencies are seen as a "means of settlement," but this has left regulatory gaps.

What do you think about these changes? Share your thoughts in the comments!