Japan mulls officially classifying crypto as financial product: Nikkei 🇯🇵
Japan is contemplating officially classifying cryptocurrencies as financial products, according to a report by Nikkei. The move aims to address the growing number of scam reports involving crypto-related companies in the country.
The classification would allow for the implementation of insider trading regulations on these companies, thus enhancing security and transparency in the crypto industry.
This development underscores Japan's proactive approach in managing the evolving crypto landscape as it seeks to safeguard its financial markets and investor interests.
Source: www.theblockcrypto.com ↗
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