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Japan Wants Crypto Treated Like Investments, Not Payments — Here’s What’s Changing
Japan is preparing a structural shift in how it regulates cryptocurrencies, moving oversight from the Payment Services Act (PSA) to the Financial Instruments and Exchange Act (FIEA), the country’s core securities law. The plan was outlined in a new report released Wednesday by the Financial Services Agency (FSA) following a review by the Financial System Council’s Working Group. The report describes crypto’s expanding role as an investment asset and argues that the existing payments-oriented framework no longer reflects how most users engage with digital assets. “Crypto assets are increasingly being used as ... (full story)