The Financial Services Agency (FSA) of Japan is planning to recognize crypto assets as financial products equivalent to securities. As such, the agency has reportedly initiated discussions within a closed study group comprising experts to assess the current regulatory framework governing crypto assets. According to a report by ‘The Nikkei’ on February 10, the FSA intends to determine the direction of potential system reforms based on the study group’s findings by the end of June, after which it will seek opinions from the Financial System Council, scheduled to convene in the autumn.
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