Japan will give cryptocurrencies legal status as financial products

Japan will give cryptocurrencies legal status as financial products

As part of the measure, cryptoactive will be subject to restrictions on the use of privileged information that prohibit the purchase and sale based on unveiled internal information.

The Japan Financial Services Agency (FSA) plans to review the Law on Financial Instruments and Exchange to give cryptoactives a legal status as financial products, the Nikkei business newspaper said on Sunday, without mentioning sources.

As part of the measure,s cryptoactive will be subject to restrictions on the use of privileged information that prohibit the purchase and sale based on unveiled internal information, according to the publication.

The FSA will present a bill to Parliament in 2026 to modify the law of financial instruments and exchange, according to the newspaper.

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The FSA will present a bill to Parliament in 2026 to modify the Law on Financial Instruments and Exchange

The FSA will present a bill to Parliament in 2026 to modify the Law on Financial Instruments and Exchange

Circle becomes the first stable approved in Japan

Circle, the company behind the popular Stablecoin Usdc, achieved a historical milestone by becoming the first Stablecoin issuer to receive regulatory approval in Japan. This development positions Circle at the forefront of Stablecoins’ career in Asia, especially as Japan updates its laws to embrace digital assets with clearer regulations.

Circle’s entry into the Japanese market follows the implementation of the Japan Revised Payment Services Law, which now allows the use of stablecoins fully backed under strict standards. With this approval, Circle is authorized to operate under the new rules, pointing out Japan’s growing opening to reliable crypto innovations.

Circle’s approval by Japan is not just a victory for the company, it is a historical moment for the broader adoption of Stablecoins in Asia. Regulatory clarity has long been a challenge for cryptocurrency companies that seek to expand in the region. Being the first to meet the regulatory standards of Japan, Circle has established a reference point for others to follow.

Source: Ambito

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