TechFlow, December 10 — According to Cointelegraph, Japan's Financial Services Agency (FSA) released a report on Wednesday announcing plans to shift the regulatory framework for crypto assets from the Payment Services Act to the Financial Instruments and Exchange Act, in response to the growing investment nature of cryptocurrencies. The new framework will strengthen disclosure requirements for initial exchange offerings (IEOs), including mandatory pre-sale disclosures by exchanges, third-party code audits, and identity disclosures by project teams—even for decentralized projects. The move will also enhance oversight of unregistered platforms and explicitly prohibit insider trading.
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