Online reports, the Nikkei Shimbun reported on Sunday that the Financial Services Agency of Japan plans to propose formally classifying cryptoassets as financial products as part of new regulations on insider trading in cryptocurrencies. According to reports, the Financial Services Agency of Japan plans to submit amendments to the Financial Instruments and Transactions Act to Congress as early as 2026 after conducting closed-door expert analysis of the existing legal framework. As of now, Japan has classified cryptocurrency as a settlement method under the Payment Services Law. Reported that amid potential rule changes, Japan's financial regulator is seeking to strengthen control over local cryptocurrency service providers as it sees an increase in cases of cryptocurrency fraud. Classifying cryptocurrencies as financial products means that not only exchanges, but also companies that solicit cryptocurrency investment also need to register with financial regulators. According to the Nikkei Shimbun, upcoming bills may distinguish crypto assets from other securities such as stocks and bonds, while insider trading rules are expected to take a similar form to regulating traditional financial products. Details of the insider trading rules have not been released.