Japan Plans to Classify Cryptocurrencies as Stocks and Bonds
The shift in approach will pave the way for the launch of spot exchange-traded funds (ETFs) for bitcoin and other digital assets, as cryptocurrencies will be reclassified under the Financial Instruments and Exchange Act.
Currently, Japanese cryptocurrency legislation treats digital assets mainly as a form of digital payment regulated by the Payment Services Act. According to the FSA, this regulatory approach is outdated and no longer reflects the true nature of the crypto market.
Finance Minister Katsunobu Kato stated that the FSA’s proposed reform supports the “New Capitalism” strategy aimed at boosting investment and innovation in Japan. The minister believes that amid the risk of yen depreciation, alternative assets such as bitcoin could become part of a diversified portfolio for Japanese companies, while the ministry will focus on creating a more attractive trading environment for cryptocurrency transactions.
Earlier, the FSA announced the establishment of a new bureau that will oversee Japan’s cryptocurrency market starting in 2026.
See also: "Tokyo’s Metaplanet Buys Additional 103 Bitcoins for $11.7 Million"
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