Japan's lower house of parliament has advanced legislation that would reclassify cryptocurrencies as financial instruments, bringing them under the same regulatory framework as traditional securities. The bill now moves to the upper house, the House of Councillors, for final approval. If passed, the law is expected to come into force next year. The reclassification would represent a significant shift in Japan's crypto regulatory approach, potentially imposing stricter disclosure requirements, investor protections, and oversight on digital asset issuers and exchanges. Japan has long been one of the more active jurisdictions in crypto regulation, and this move signals a broader tightening of rules as governments worldwide seek to integrate digital assets into established financial frameworks.
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