Japan Establishes Standalone Crypto and Stablecoin Regulation Division
Japan's Financial Services Agency (FSA) has established a dedicated Cryptocurrency and Stablecoin Division, elevating digital asset oversight to an independent department.
The new division will operate under the Asset Utilization and Insurance Supervision Bureau and will oversee three specialized offices: the Cryptocurrency Monitoring Office, the Innovation Promotion Office, and the Digital Payment Planning Office.
This move comes weeks after Japan approved sweeping amendments to the Financial Instruments and Exchange Act that reclassified crypto assets as financial instruments.
The legislation introduced insider trading restrictions for crypto transactions, requiring market participants to refrain from trading based on material non-public information.