Japan plans major shift as crypto moves from payments to securities law

Japan plans to move its cryptocurrency regulation from payment laws to securities regulations. This transition will involve stricter disclosure requirements for Initial Exchange Offerings (IEOs) and increased scrutiny of unregistered platforms. The aim is to enhance transparency and trust in Japan's cryptocurrency market while strengthening investor protection. As the circulation of cryptocurrencies in Japan grows, this regulatory shift is seen as crucial. While it poses new challenges for the industry, it may also contribute to establishing a fair and healthy market environment. Companies must ensure compliance on their websites and platforms, requiring adequate disclosures. Overall, this move is expected to draw significant attention to the future of cryptocurrency in Japan.