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Cryptocurrencies To Be Classified As Financial Products In Japan

Japan's Financial Services Agency (FSA) plans to propose changes to classify cryptocurrencies as financial products by 2026, according to Nikkei.

Haider Jamal
March 31, 2025

Crypto To Remain Separate

The FSA intends to submit a bill to revise the Financial Instruments and Exchange Act as early as next year, with internal discussions already underway.

Source: FSA

Cryptocurrencies would likely fall under insider trading laws but remain separate from traditional securities like stocks. If the changes pass, crypto firms would need to register with the FSA, although it’s unclear how overseas companies would be regulated.

Pushing For Tax Cuts

Earlier this month, Japan issued its first stablecoin license to SBI VC Trade, a subsidiary of the financial group SBI. The government is also pushing for tax cuts on crypto capital gains, reducing the rate from 55% to 20%.

Additionally, the FSA may lift a ban on crypto-based exchange-traded funds (ETFs) to align with Hong Kong’s policy.

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Haider Jamal

Content Strategist

Haider is a fintech enthusiast and Content Strategist at CryptoWeekly with over four years in the Crypto & Blockchain industry. He began his writing journey with a blog after graduating from Monash University Malaysia. Passionate about storytelling and content creation, he blends creativity with insight. Haider is driven to grow professionally while always seeking the next big idea.