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Japan has taken a significant step toward reshaping its crypto regulatory framework after its Cabinet approved amendments to the Financial Instruments and Exchange Act. The changes move cryptocurrencies from the category of “payment methods” to regulated financial assets, aligning them more closely with stocks and other financial products.
The approved amendments cover 105 assets. XRP is highlighted as a key beneficiary because of its integration into Japan’s financial system through SBI Ripple Asia, backed by SBI Holdings and Yoshitaka Kitao, a long-time supporter of Ripple.
By classifying cryptocurrencies as “securities or financial products,” the reform is intended to reduce legal uncertainty that previously limited major Japanese banks from using XRP for cross-border settlements—described in the article as the token’s primary purpose.
The new framework implies several enforcement and disclosure requirements, including:
The reform is also described as part of a broader plan to reduce crypto taxes to a fixed 20% rate, similar to equities. The article links this to an effort to attract a portion of the $34 billion held by 12 million users in Japan.
For XRP in Japan, the bill is framed as a transition from an “experimental technology” toward a regulated banking standard.
In the U.S., the article reports renewed strength in the spot Bitcoin ETF market. Capital inflows reached $343.1 million, according to SoSoValue, supporting institutional demand above the $72,000 price range. This was the second major inflow of the week after $471 million on April 6.
BlackRock’s iShares Bitcoin Trust received the largest share, with $269.3 million in net inflows. Fidelity Investments followed with $53.3 million. The article also states that none of the 12 active funds recorded outflows during the period.
Morgan Stanley entered successfully as well. On its second trading day, April 9, its fund attracted $14.9 million and offered the lowest fee in the market at 0.14%.
The rise in Bitcoin is attributed to improved market sentiment following news of a two-week ceasefire and negotiations in the Middle East, which the article says reduced fears of an inflation shock tied to potential disruptions in key shipping routes.
In options activity, interest increased for $80,000 per BTC call options totaling $1.6 billion, indicating expectations of continued strength into June. The article also notes that despite concerns about a possible correction after a 6% gain in April, the lack of ETF outflows and the entry of new banking products provide support for holding recent highs.
Binance CEO Richard Teng warned that traditional security methods such as passwords and SMS-based two-factor authentication are no longer sufficient. He urged a full shift to passkeys to protect deposits.
The article cites the FBI’s IC3 report, stating that crypto theft rose 22% in 2025 to an all-time high. It also says social engineering using deepfakes generated nearly $900 million in losses.
The article reports that about 40% of total losses came from older users, who are more likely to trust fake “investment advisors.” It also highlights that standard two-factor authentication via cloud backups or intercepted codes became a major vulnerability in 2025–2026.
Teng argues that passkeys address the “human factor” problem. The article describes passkeys as providing three layers of protection:
Heading into the weekend, the article says attention will shift to the U.S. CPI report, which is expected to influence short-term liquidity and risk appetite.
It lists the following expectations and market context:

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