The Financial Services Agency of Japan advances the transition of crypto assets under the Money Settlement Business Law, simultaneously launching three stablecoin payment pilot experiments.

Deep Tide TechFlow News. On April 23, CoinPost reported that at the “9th BCCC Collaborative Day” held on April 21, 2026, Shimizu Shigezumi, Head of the Risk Analysis and Coordination Division of the Japan Financial Services Agency’s General Policy Bureau, delivered a special speech, disclosing major progress in crypto-asset regulation. The Financial Services Agency has submitted a bill to the Special Diet to move crypto assets from the Funds Settlement Act to the Financial Instruments and Exchange Act. The proposal mainly covers four core areas: information disclosure regulations, the establishment of new classification rules for independent operators, strengthening penalties for unregistered operators, and preparations for insider trading regulations.

Meanwhile, the Financial Services Agency is advancing three “Payment Improvement Project (PIP)” demonstration experiments: first, a cross-border payment trial of Japanese yen stablecoins involving the three major banks; second, on-chain settlement of securities such as government bonds, corporate bonds, and stocks based on blockchain, aiming to achieve 24-hour, round-the-clock continuous trading; and third, an interbank tokenized deposit transfer experiment that was just supported this month on April 3, which will be advanced in conjunction with the Bank of Japan’s central bank reserve tokenization sandbox project. Shimizu said that blockchain has enormous potential to improve the convenience of financial services and diversify products, and the Financial Services Agency will continue to advance institutional development and provide practical support.