Japan Financial Services Agency (FSA) plans to classify cryptographic assets as financial products similar to securities as part of the improvement in investor protection by forcing companies to disclose more information, Nikkei reported.
The FSA leads a closed study session with experts to assess current regulations. Once it is finished, the agency plans to announce regulatory reforms by June, said Nikkei.
All reforms could improve the attractiveness of funds (ETF) negotiated in exchange (ETF). In August, the boss of the FSA said that “prudent consideration” must be awarded any decision to approve the FNB linked to the crypto.
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