PANews reported on February 10 that according to Nikkei, the Japanese Financial Services Agency is studying positioning crypto assets (virtual currencies) as financial products equivalent to securities to strengthen investor protection and require related companies to provide more detailed information disclosure. At the same time, this move is also aimed at promoting the lifting of the ban on cryptocurrency-based exchange-traded open-end index funds (ETFs), thereby promoting the application and development of crypto assets.

At present, the Financial Services Agency has held a private research meeting with experts to evaluate whether the existing crypto asset supervision is sufficient. Based on the research results, the Financial Services Agency plans to announce the direction of system reform before June this year to lay the foundation for subsequent policy adjustments.