Japanese financial regulators are soliciting public opinions on the regulation of digital payments and cryptocurrencies.

PANews reported on January 28th that, according to Cryptobriefing, Japan's Financial Services Agency (FSA) has opened a public consultation on draft implementing rules concerning cryptocurrencies, electronic payment instruments, and financial institutions. The draft clarifies the specific implementation requirements after the revision of the Payment Services Act in 2025, including updating official announcements, administrative guidelines, and regulatory rules. The draft covers multiple areas, including the designation of bonds as underlying assets, a regulatory framework for electronic payment instruments and crypto-related intermediary services, and updated regulatory guidelines for financial institutions and their subsidiaries. The consultation period will end on February 27, 2026, after which the regulations will take effect after completing the necessary procedures, and the results will be announced separately.

Japan's Financial Services Agency (FSA) is reportedly planning a comprehensive overhaul of its regulatory framework, aiming to launch the country's first spot crypto ETFs by 2028. The roadmap includes reclassifying cryptocurrencies as "specified assets" under the Investment Trust Act, pushing for a reduction in the crypto capital gains tax from a maximum of 55% to a uniform 20%, and allowing time for strengthening custody and investor protection standards.