Japan Moves Crypto Assets From Payment Services Act to FIEA, Expected in Force 2027

According to XWIN Research Japan, Japan is transferring cryptocurrencies from the Payment Services Act to the Financial Instruments and Exchange Act (FIEA), marking a regulatory shift that treats crypto as investment assets rather than payment instruments. The new framework would establish rules covering information disclosure, market manipulation, insider trading, and stronger oversight of service providers. The Cabinet approved the bill on April 10, the House of Representatives passed it on June 11, and the legislation is expected to come into force in 2027.
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