Japan to Recognize Cryptocurrency As 'Financial Assets'

Japan's parliament approved new amendments on Wednesday that will recognize cryptocurrencies as financial assets, a move that would put their regulation under the Financial Instruments and Exchange Act, according to Japanese Broadcaster NHK. Crypto had previously been regulated mainly under Japan's Payment Services Act, which treated it more as a payment method than an investment product. Source: https://english.aawsat.com/node/5296597