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Guavy AI Editorial Team••Sentiment: 3•Clout: 85

Japan FSA Advances Crypto Regulation and Launches Stablecoin Payment Pilots

STRD

The Japanese Financial Services Agency (FSA) is making significant strides in cryptocurrency regulation. At the '9th BCCC Collaborative Day' held on April 21, 2026, Shigeru Shimizu, head of the Risk Analysis Division, revealed the FSA's progress in updating crypto laws.

The proposed bill aims to transition cryptocurrencies from the Payment Services Act to the Financial Instruments and Exchange Act. This involves four core aspects: regulations on information disclosure, new classifications for independent operators, strengthened penalties for unregistered operators, and anti-insider trading measures.

Concurrently, the FSA is advancing three 'Payment Innovation Projects (PIP)' experiments:

  • A cross-border payment trial using yen stablecoins involving major banks
  • An on-chain settlement of securities based on blockchain for 24/7 continuous trading
  • An interbank tokenized deposit transfer experiment supported by the Bank of Japan's central bank digital currency tokenization sandbox project