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…
