According to MarsBit, Japan’s Financial Services Agency (FSA) is pushing a historic regulatory reform to move crypto assets from the Payment Services Act (PSA) to the stricter Financial Instruments and Exchange Act (FIEA). This change positions crypto as an investment product, equal to stocks and bonds, with enhanced investor protection and disclosure requirements. The reform includes stricter IEO disclosures, stronger enforcement against unregistered platforms, and tax adjustments to lower capital gains rates from 55% to 20%. The proposal, approved by an expert panel, is expected to be submitted to the Diet for legislation by 2026.
Japan to Shift Crypto Regulation to Securities Framework, Effective from 2026
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Summary
Japan’s Financial Services Agency (FSA) is set to reclassify crypto assets under the Financial Instruments and Exchange Act (FIEA) from 2026, aligning them with stocks and bonds. The shift introduces a stronger compliance framework, including tighter IEO rules, crackdowns on unregistered platforms, and a capital gains tax cut from 55% to 20%. The reform aims to boost liquidity and crypto markets by enhancing investor protections and transparency. The proposal, backed by an expert panel, will be submitted to the Diet for final approval.
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