Share this article
Japan Plans to Review Its Crypto Rules: Bloomberg
The review which will occur over the coming months could also pave the way for crypto exchange traded funds.
Updated Sep 30, 2024, 10:54 a.m. Published Sep 30, 2024, 10:51 a.m.
- Japan is set to review its rules for the crypto sector, Bloomberg reported on Monday.
- It will assess whether or not the nations approach of regulating crypto under the payments act is affective.
Japan is set to review its rules for the crypto sector, Bloomberg reported on Monday, citing an anonymous official at the nations Financial Services Agency.
The review will occur over the coming months and will assess whether or not the nations approach of regulating crypto under the payments act is affective. It could also pave the way for domestic funds investing in digital asset tokens.
STORY CONTINUES BELOW
The regulator is looking to see if its existing crypto rules offer enough protection for investors. It may conclude that the act itself needs changes or crypto needs to be reclassified as a financial instrument and fall under the country's investment law, the Bloomberg report said. This could pave the way for lower taxes for digital assets, something the country has been exploring.
Nations around the world have been looking to clarify their approach to crypto. The U.K. decided to make crypto a regulated activity last year and bring the sector under its financial services rules, Europe created bespoke rules for the crypto sector known as the Markets in Crypto Assets rules, while, South Africa recently opened up its licensing regime for the sector.
CoinDesk reached out to the Financial Services Agency.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Iran accepts cryptocurrency as payment for advanced weapons
Prospective customers could purchase weapons such as missiles, tanks and drones using crypto, according to a government website.
What to know:
- Iran's Ministry of Defence Export Center is accepting cryptocurrency payments for advanced weapons systems as a means of bypassing international sanctions that the country faces.
- The offer is among the first known instances of a country accepting cryptocurrency as a means of payment for military equipment, according to the Financial Times.
- The facility for using cryptocurrency to pay for transactions involving sanctioned countries is already well established.
Top Stories
