Japan is considering reclassifying cryptocurrencies as financial products by 2026 to combat insider trading and enhance regulatory oversight in the crypto market. This development reflects the government's increased focus on tightening rules surrounding digital assets, particularly following past incidents where crypto exchanges faced scrutiny for allowing insider trading practices. The potential reclassification aims to impose stricter regulations, ensuring that cryptocurrency trading adheres to existing financial laws, which could lead to a safer environment for investors and greater legitimacy of the crypto markets in Japan. As the government continues to deliberate on this matter, stakeholders within the industry are closely monitoring these regulatory changes, which could have significant repercussions for crypto operations in Japan.

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