Japan’s Crypto Policy Shift Raises Questions for the Market Ahead of Key Macro Decisions
Japan is quietly reimagining how digital assets fit into its financial system, drawing attention as global markets brace for upcoming macro decisions from the Bank of Japan. Parallel reforms in crypto regulation, taxation, and liquidity conditions are forcing investors to reassess Japan’s influence on the sector.
The Financial Services Agency plans to shift crypto oversight from the Payment Services Act to the Financial Instruments and Exchange Act, treating cryptocurrencies more as financial products than payment tools. This aligns crypto trading closer to traditional investment markets, with stronger investor protections and detailed disclosures for token offerings.
The proposed framework mirrors elements of the EU’s MiCA regime, signaling a broader trend toward regulatory clarity. As Japan’s reforms advance, the market watches for structural shifts that could Ripple through crypto liquidity and institutional participation.
