Current Affairs - International - Discussion
Discussion Forum : International - Latest Current Affairs (Q.No. 190)
190.
Which country plans to classify crypto assets as financial products under its Financial Instruments and Exchange Act?
Answer: Option
Explanation:
Japan’s Financial Services Agency (FSA) is set to revise the Financial Instruments and Exchange Act to officially recognize crypto assets as legal financial products. This move aims to bring crypto under the purview of insider trading laws, ensuring the protection against the misuse of confidential information. A related bill is expected to be presented to Parliament by 2026 for formal implementation, highlighting Japan's proactive stance in regulating the crypto industry.
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