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Japan’s Financial Services Agency to Regulate 105 Crypto Assets Under Securities Law

Japan’s Financial Services Agency to Regulate 105 Crypto Assets Under Securities Law

Japan’s regulators plan to reclassify cryptocurrencies as financial products and implement tax reforms, extending securities law oversight to 105 digital assets from early 2026.

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Fact Check
The evidence provided strongly and consistently supports the statement. All six sources, ranging from a highly authoritative national newspaper (Asahi Shimbun) to major news aggregators (Yahoo! News) and specialized crypto-focused outlets, report the same core information: Japan's Financial Services Agency (FSA) has solidified a policy to treat 105 specific crypto assets as 'financial products' subject to the country's securities law, the Financial Instruments and Exchange Act (FIEA). There are no contradictions among the sources. The primary report from Asahi Shimbun is cited by several other outlets, indicating a single, well-corroborated news event. The reports specify the exact number of assets (105) and the specific legal framework, adding to their credibility. The consistency across multiple high-authority Japanese and English-language sources makes the statement highly probable.
Summary

Japan’s Financial Services Agency intends to classify cryptocurrencies as financial products under the Financial Instruments and Exchange Act and apply a tax overhaul to the sector. The move will apply to 105 cryptocurrencies traded on domestic exchanges, including Bitcoin and Ethereum, from early 2026. This reclassification will enforce securities law obligations such as disclosure and insider trading rules, and change taxation from up to 55% miscellaneous income to a flat 20% capital gains tax rate. The measures aim to align cryptocurrency regulations with traditional finance.

Terms & Concepts
  • Financial Services Agency (FSA): Japan's primary financial regulator overseeing banking, securities, and insurance sectors.
  • Financial Instruments and Exchange Act: A Japanese law regulating securities trading and protecting investors.
  • Capital Gains Tax: A tax on the profit from the sale of assets or investments, such as stocks or cryptocurrencies.