Review of Cryptocurrency Regulation in Japan
Date: 2025-02-11 Author: Oliver Abernathy Categories: IN WORLD
The Financial Services Agency of Japan (FSA) has launched a process of reviewing current regulations in the field of cryptocurrency markets. Specialists of the working group at the agency will prepare proposals for reforms by the end of June. They will then be discussed at the Financial System Council, whose session is scheduled for autumn.
The proposals will be finalized taking into account the comments and presented as an official initiative in 2026.
It is expected that the new rules can be included in the Financial Instruments and Exchange Act, as well as in the Payment Services Act for accounting of means of payment.
Earlier in October 2024, a group of Japanese companies came up with the idea of creating cryptocurrency ETFs, especially highlighting Bitcoin and Ethereum. In addition, changes were proposed in the tax regime for transactions with digital assets.
In addition, in February 2025, the FSA sent a request to Apple and Google to block the apps of Bybit, MEXC Global, LBank Exchange, KuCoin and Bitget.
