Japan’s SMBC Nikko sets up crypto-focused unit ahead of regulatory reforms
The entity aims to formulate proposals related to crypto asset regulations and maintain operational activities related to the issuance and trading of crypto assets, among others.
Tokyo-based SMBC Nikko Securities (SMBC Nikko), a major Japanese investment bank and securities firm, has established the ‘DeFi Technology Department’ for business development in the crypto asset sector. 2026 tax reform outline includes a shift to separate taxation for certain crypto assets While crypto assets – primarily Bitcoin and Ethereum – have traditionally been used as means of payment in Japan, the Japanese parliament (Diet) is expected to deliberate revisions
