The Japanese Financial Services Agency (FSA) has announced a comprehensive restructuring of its regulatory structure by announcing its 2026 budget and organizational plan.
These changes include restructuring of general insurance contracts, establishing an asset management and insurance supervision agency, and special units for crypto assets and cashless payments. These new units include the Crypto Assets and Innovation Office and the Fund Settlement Monitoring Office.
In the crypto assets sector, the existing “Cryptocurrency and Innovation Advisory Office,” “Fund Settlement Monitoring Office,” and “Setting and Digital Finance Group Monitoring Office” will merge to create a new division responsible for periodic market monitoring, disclosure obligations of sales processes, implementation of adaptation regulations and systematic risk management.
Among the tax reform proposals announced on the same day were investigation into implementing a separate taxation system for cryptocurrency transactions. These steps indicate that FSAs aim to bring in an institutionally and systematically investor protection system to a level comparable to the stock market.
*This is not investment advice.
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