Japan's FSA Plans to Regulate Internal Cryptocurrency Trading

According to PANews, Japan's Financial Services Agency (FSA) is considering implementing regulations on internal trading of digital cryptocurrency assets. The regulatory body is contemplating classifying cryptocurrencies as financial instruments under Japanese law. It is anticipated that the FSA will submit a draft amendment to the Financial Instruments and Exchange Act to the parliament as early as the next fiscal year. The FSA aims to prevent unfair trading practices in cryptocurrency transactions conducted for investment purposes. A financial committee under the FSA is expected to begin discussions on the details of the proposed amendments in the summer of 2025.