Japan to recognise cryptocurrency as 'financial assets', NHK says

Japan’s parliament passed an amendment that will designate cryptocurrency assets as “financial assets” under the NHK-reported change. Previously, crypto fell under the “Payment Services Act,” implying a regulatory reclassification that may broaden oversight framework. The news is modestly positive for the sector, potentially supporting clearer compliance expectations.

Analysis

Japan’s parliament passed an amendment that will designate cryptocurrency assets as “financial assets” under the NHK-reported change. Previously, crypto fell under the “Payment Services Act,” implying a regulatory reclassification that may broaden oversight framework. The news is modestly positive for the sector, potentially supporting clearer compliance expectations.