According to ChainCatcher news and a report by CoinDesk Japan, the Financial Services Agency (FSA) of Japan has announced its budget, organization, and personnel requirements for the fiscal year 2026. In its requirements, the agency proposed significant restructuring, including the establishment of a new 'Department of Cryptocurrency and Innovation,' with a budget set at 25 billion yen (an increase of 1.19 billion yen from the previous fiscal year), approximately 170 million USD.
According to the documents made public, the Financial Services Agency has identified the restructuring issue as 'the need to utilize new digital technologies such as fintech, cryptocurrency trading, and artificial intelligence to enhance the ability to respond to changes in financial services.'
The proposed response measures include renaming and restructuring the existing 'Comprehensive Policy Bureau' into the 'Asset Management and Insurance Supervision Bureau (provisional name),' and under this new bureau, establishing a 'Cryptocurrency and Innovation Division,' upgrading the current 'Cryptocurrency and Innovation Advisory Office' to the 'Cryptocurrency and Innovation Division.'
