Japan’s parliament has passed a sweeping amendment that reclassifies cryptocurrencies such as Bitcoin (BTC) as ‘financial assets’, a shift that moves the sector closer to the country’s mainstream capital markets and could reshape everything from market surveillance to the prospects for spot crypto ETFs. NHK reported that lawmakers approved the bill on Wednesday, July 15, transitioning digital assets out of Japan’s payment-centric framework and into the regulatory architecture that governs stocks, bonds, and investment trusts.
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