Yigit Taha OZTURK 
Japan’s Financial Services Agency (FSA) is set to introduce legislative changes that will classify cryptocurrencies as financial products, according to Nikkei’s March 30 report. The new regulations could come into effect as early as 2026.
The FSA plans to amend the Financial Instruments and Exchange Act, which would bring cryptocurrencies under insider trading rules similar to those governing stocks. However, it remains unclear how the regulations will differentiate between widely traded cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) and speculative, high-risk tokens such as memecoins.
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If approved, crypto companies operating in Japan would be required to register with the FSA. Additionally, it is uncertain how these rules will apply to overseas entities conducting business in Japan.
This move aligns with Japan’s recent pro-crypto stance. Last month, Circle’s USDC stablecoin was approved for use in Japan, and SBI VC Trade became the first company to receive a license for handling stablecoin transactions. Furthermore, Japan is also working on lowering the capital gains tax on crypto earnings from 55% to 20%.
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