FSA Jepang Usulkan Klasifikasi Aset Kripto dan Minta Masukan Publik
Japan’s FSA Proposes to Classify Crypto Assets into Two Categories, Seeks Public Input https://cryptonews.com/news/japan-proposes-to-classify-crypto-into-two-categories/

Japan's Financial Services Agency (FSA) has proposed reclassifying crypto assets into two categories, aiming to enhance regulatory oversight and curb insider trading. The proposal, outlined in a discussion paper, categorizes crypto assets into two types: Funding/Business Crypto Assets and Non-Fundraising/Non-Business Crypto Assets.

Type 1, Funding/Business Crypto Assets, includes assets created for fundraising purposes, with the capital raised being directed towards various projects. Some utility tokens fall under this category. Type 2, Non-Fundraising/Non-Business Crypto Assets, refers to assets that do not function as fundraising tools or business assets, including major cryptocurrencies such as Bitcoin and Ethereum.

The FSA highlighted the importance of addressing the information gap between issuers and users for Type 1 crypto assets, especially concerning the intended use of raised funds and project details. In contrast, for Type 2 crypto assets, the agency noted the challenge of linking many of these assets to a specific issuer, which complicates the enforcement of disclosure requirements.

In addition, the FSA aims to introduce a bill to parliament as early as 2026 to amend the existing crypto legislation, which would place cryptocurrencies in the same legal category as traditional securities, making them subject to insider trading laws. This would prevent the use of non-public information for personal profit, bringing crypto trading practices more in line with conventional financial markets.