Japan Crypto Revolution Inbound? Tokyo Pass New Law Equalising Crypto and Stocks

The Japanese Cabinet approved a bill on April 10 reclassifying crypto as a financial instrument under the amended Financial Instruments and Exchange Act, pulling digital assets out of the Payment Services Act framework and placing Japanese crypto on the same legal footing as stocks and bonds.Maximum prison sentences for unregistered sellers jump from 3 years to 10 years. Fines climb from 3 million yen to 10 million y…