Japan's FSA considers regulating internal trading of crypto assets

The Financial Services Agency (FSA) of Japan is considering regulating internal transactions of encrypted digital currency assets. The Japanese regulatory body is considering classifying crypto assets as financial instruments under Japanese law. It is expected that the FSA in Japan will submit a draft to revise the Financial Transaction Law to Parliament at the earliest by next fiscal year. The FSA in Japan hopes to prevent unfair trading practices when trading crypto assets for investment purposes. It is anticipated that a financial committee under the jurisdiction of the FSA in Japan will begin discussing more details about this revision draft from summer 2025 onwards.