Regulators in Japan are planning to classify cryptocurrencies as “financial products” under the Financial Instruments and Exchange Act and introduce a tax overhaul for the sector.
Per local media, Japan’s Financial Services Agency wants to reclassify 105 cryptocurrencies under the same legal umbrella as stocks and bonds, which would bring them under investor protection rules and open the door to fairer taxation and stricter market conduct standards.
Under this framework, digital assets like Bitcoin, Ethereum, and others approved for domestic exchange listings would be subject to mandatory disclosures, …
This news is powered by CoinMarketCap 
