Japan Plans to Shift Cryptocurrency Regulation from Payment Services Act to Securities Law Framework
According to sources from Hashish Chain News, Cointelegraph reports that the Financial Services Agency (FSA) of Japan has released a report outlining plans to transfer cryptocurrency regulation from the Payment Services Act (PSA) to the Financial Instruments and Exchange Act (FIEA), treating it as an investment product for regulatory purposes. This move will strengthen IEO information disclosure requirements and grant regulators more authority to crack down on unregistered platforms, especially those related to offshore and DeFi projects, while also introducing insider trading prohibition clauses.
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Japan Plans to Shift Cryptocurrency Regulation from Payment Services Act to Securities Law Framework
According to sources from Hashish Chain News, Cointelegraph reports that the Financial Services Agency (FSA) of Japan has released a report outlining plans to transfer cryptocurrency regulation from the Payment Services Act (PSA) to the Financial Instruments and Exchange Act (FIEA), treating it as an investment product for regulatory purposes. This move will strengthen IEO information disclosure requirements and grant regulators more authority to crack down on unregistered platforms, especially those related to offshore and DeFi projects, while also introducing insider trading prohibition clauses.
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