The Japanese Financial Services Agency plans to establish a new cryptocurrency and innovation department

According to HashiChain news and CoinPost reports, on the 29th, the Japanese Financial Services Agency announced its budget plan and personnel arrangements for the fiscal year 2026, planning a major restructuring of the regulatory system. Specific measures include restructuring the Comprehensive Policy Bureau, establishing the 'Asset Management and Insurance Regulatory Bureau' (tentative name), and creating dedicated departments to handle crypto assets and cashless payments - the 'Crypto Assets and Innovation Office' and the 'Fund Settlement Monitoring Office'. In the field of crypto assets, the existing functions of the 'Crypto Assets and Innovation Advisor's Office', 'Fund Settlement Monitoring Office', and 'Settlement and Digital Finance Group Monitoring Office' will be integrated, with the new department responsible for routine market monitoring, fulfilling disclosure obligations in sales inducement, implementing adaptive regulation, and responding to systemic risks. The tax reform proposals released on the same day also include discussions on implementing a separate taxation system for crypto asset transactions, indicating that the Financial Services Agency is constructing a system of 'investor protection equivalent to that of the stock market' from both institutional and organizational dimensions.