Japan’s FSA launches standalone crypto and stablecoin division

Japan has established a dedicated Cryptocurrency and Stablecoin Division within its Financial Services Agency, elevating digital asset oversight to an independent department as the country continues expanding its crypto regulatory framework. Summary Japan’s Financial Services Agency has created a dedicated Cryptocurrency and Stablecoin Division effective Aug. 7. The new department brings crypto supervision, innovation and digital payment planning under one division. The restructuring follows Japan’s recent law reclassifying cryptocurrencies as financial instruments. The move comes as regulators continue tightening oversight of crypto firms while advancing digital asset reforms. Japanese publication NADA NEWS reported that the Financial Services Agency announced on Aug. 5 that it will create a new Cryptocurrency and Stablecoin Division, with the organizational restructuring taking effect on Aug. 7. The new department will operate under the Asset Utilization and Insurance Supervision Bureau, replacing the previous structure in which cryptocurrency-related work was handled through the Cryptocurrency and Blockchain Innovation Office and the Cryptocurrency Monitoring Office under the Co...