Japan’s Financial Services Agency said it achieved its digital finance policy goals for July 2025 through June 2026 in a performance report released on the 4th. The report highlighted cryptocurrency regulatory reform and efforts to promote stablecoin use. Japan submitted legislation to transfer cryptocurrency trading regulation to the Financial Instruments and Exchange Act and create insider trading rules, with the bill enacted in July 2026. If the tax changes take effect, cryptocurrency taxation would shift from the current comprehensive regime, which carries a top rate of 55%, to separate taxation at around 20%. The agency also cited support for broader cryptocurrency use cases, including a planned joint yen stablecoin issuance by Japan’s three megabanks.