FSA’s Crypto Reclassification: A Major Shift Expected to Impact Japan’s Market by 2026

The Financial Services Agency (FSA) of Japan has significantly altered its stance on cryptocurrencies. The agency plans to reclassify them as financial products, potentially leading to a transformative change in the Japanese market by early 2026. This move comes as the FSA prepares to submit a revised bill to parliament for implementing this shift in the Financial Instruments and Exchange Act.