Japan’s financial sentinel has started discussing closed doors on revising the Crypto rules, including their possible classifications in the form of securities.
Japan’s financial services agency is considering classifying cryptocurrency as financial products similar to securities, Yahoo Japan ReportsCiting Japanese news outlets. The agency has started discussing closed doors with experts to review the existing rules.
The FSA allegedly planned to announce a policy direction by June. After this, this financial system will take opinion from the council, which will be in the fall. A legal amendment can be presented in 2026, although the exact deadline can be seen.
If cryptocurrency is considered as securities, it can make things difficult for retail investors, but it can also open the door for Spot Crypto ETF in Japan. Details are still working.
The FSA is arguing whether to implement existing securities laws under the Financial Equipment and Exchange Act or introduce new rules under the FIEA or Payment Services Act. The agency is also reviewing whether the rules will apply to all cryptocurrency or only apply to prominent people such as bitcoin (BTC) and Etharium (ETH).
In October, a domestic study group Issued Recommendations for Crypto ETF. The group proposed to prioritize bitcoin and atherium, to pursue regulatory framework and implement various tax rules for Crypto ETFs and Spot Transactions.
Japan’s push for crypto-friendly regulation can also attract the attention of major venture capital firms. Softbank, for example, recently supported the Crypto Mining Data Center Cipher Mining. As part of the deal, Softbank acquired the option to obtain a 300mw underdeveloped data center site in Texas owned by Cipher.
Spot Crypto in Japan comes as a news softbank about the possible approval of ETFs that reports stable financial growth. Recently company Announced Its revenue and profits increased for nine months ending December 2024, called “good and stable progress”. According to its latest income report, Softbank’s net income for FY2024 (Q1-Q3) rose 7.4% to 436.6 billion yen from 406.7 billion yen.
