Japan’s Financial Services Agency is preparing to take up legislative amendments at its Financial System Council meeting later this month, a move that could accelerate the country’s ongoing overhaul of digital asset regulation. In February 2026, the working group recommended shifting certain crypto-asset regulations from the Payment Services Act to the Financial Instruments and Exchange Act, effectively treating certain digital assets like securities. Separately, amendments to the Payment Services Act regarding stablecoins have been set for phased implementation around June 2026. The Council does not write laws directly but produces recommendations that the FSA uses to draft legislation for the Diet. No specific meeting date or detailed agenda had been disclosed as of early August 2026.
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