Japan\u2019s House of Representatives has moved forward a bill that would bring crypto assets under a regulatory regime similar to that governing traditional securities. The legislation was approved by the House of Representatives\u2019 Finance and Financial Affairs Committee on June 10, according to parliament records, after being submitted by the cabinet in April. It is expected to take effect next year if approved by the upper house, the House of Councillors.<\/p>\n
Under the proposed framework, crypto assets would be classified as financial instruments. This shift would subject crypto markets to stricter trading rules, comparable to those applied to stocks. At the same time, the change would open the way for potential tax reforms, including a move from a maximum 55% tax rate on crypto gains to a flat 20% rate, bringing parity with the tax treatment of stocks and bonds.<\/p>\n
Currently, the Financial Services Agency (FSA), Japan\u2019s primary financial regulator, oversees crypto mainly under the Payment Services Act, which treats such assets as a means of payment. The reclassification would signal a broader supervisory approach, extending oversight across a wider range of crypto-related activities and businesses.<\/p>\n
The legislative initiative comes as Japan\u2019s crypto sector, and particularly its stablecoin segment, continues to develop. In 2023, amendments to the Payment Services Act introduced the concept of \u201celectronic payment instruments,\u201d allowing registered service providers and banks to issue and manage stablecoins under a clarified regulatory framework.<\/p>\n
Following these changes, several market participants have launched or prepared yen-denominated stablecoin projects. In October 2025, fintech company JPYC Inc. announced JPYC, described as the country\u2019s first legally recognized yen stablecoin. In February, SBI Holdings and Startale Group introduced JPYSC, a trust bank-backed yen stablecoin aimed at institutional and cross-border use cases.<\/p>\n
Japan\u2019s three major banking groups \u2014 MUFG Bank, Mizuho Bank, and SMBC \u2014 plan to start live commercial transactions using a jointly issued stablecoin within the fiscal year ending March 2027. These developments indicate a growing institutional presence in Japan\u2019s crypto and stablecoin markets alongside the ongoing legislative changes.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bill Advances Toward Stricter Crypto Oversight Japan\u2019s House of Representatives has moved forward a bill that would bring crypto assets under a regulatory regime similar to that governing traditional securities. The legislation was approved by the House of Representatives\u2019 Finance and Financial Affairs Committee on June 10, according to parliament records, after being submitted by […]<\/p>\n","protected":false},"author":7,"featured_media":10259,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[],"class_list":["post-10260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/10260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/comments?post=10260"}],"version-history":[{"count":1,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/10260\/revisions"}],"predecessor-version":[{"id":10261,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/10260\/revisions\/10261"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/media\/10259"}],"wp:attachment":[{"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=10260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=10260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/otetmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=10260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}