SBI and Startale announced a regulated digital yen stablecoin on Dec. 15, 2025, aimed at connecting Japan to on‑chain finance and cross‑border tokenized asset flows under the FSA’s new framework. The initiative targets compliant global payments and institutional use cases.
On Dec. 10, 2025, Japanese authorities said they will shift crypto oversight from payments law to securities regulation. The change tightens disclosure for IEOs and increases enforcement against unregistered trading platforms.
Japan is moving to implement a flat 20% tax on crypto gains, a shift observers say will awaken a 'sleeping giant' of retail investors by lowering rates and simplifying reporting.
Japan's government has backed a proposal to impose a flat 20% tax on cryptocurrency gains, aligning crypto with investment trusts and stocks. The move aims to simplify tax treatment and could lower effective taxes for some investors, though it still needs parliamentary approval.
A government-backed proposal would move crypto gains into a separate taxation regime with a 20% flat rate, potentially lowering bills for Bitcoin traders and simplifying reporting. The measure is designed to give clearer rules and could boost trading activity if passed.
Crypto markets tumbled after Japan’s 10-year government bond yield spiked to its highest level since 2008, prompting about $640 million in liquidations. The move ignited a global risk-off reaction that forced leveraged positions across exchanges to close.
Japan's Financial Services Agency is considering an amendment to reclassify cryptocurrencies from a payment method to a "financial product," aiming to boost investor protections as crypto accounts have quadrupled in five years. The proposal signals a major shift in how digital assets will be regulated and supervised.
Japan's Financial Services Agency plans to force cryptocurrency exchanges to hold dedicated reserves for hack losses as it seeks to restore trust after a decade of security failures, from Mt. Gox to the DMM Bitcoin breach. The move tightens capital rules and shifts more liability onto platforms.
Japan's largest asset managers are preparing to launch crypto investment trusts as regulators finalize sweeping digital asset rules slated for 2026. The moves aim to position firms for a more compliant, institutional-friendly market structure.
Six leading Japanese asset managers led by Nomura and SBI are preparing to launch the country's first regulated crypto investment trusts as the Financial Services Agency edges closer to granting approval.