#FSA
The Financial Services Agency of Japan (FSA) has decided that cryptocurrency is no joke, and it's time to restore order. In this regard, Japanese officials, likely inspired by something very conservative, have approved new regulations for stablecoins. The main idea is simple: less crypto-anarchy, more 'traditional' financial instruments.

Japan is taking a more open approach to the crypto market as the Financial Services Agency (FSA) considers legalizing Bitcoin spot ETFs and reducing income tax on cryptocurrencies. If approved, this will be a significant step to attract more capital flows and encourage the development of the crypto industry.
The FSA is Designing a New Legal Framework
According to a report from Nikkei, #FSA has begun researching a new legal framework to classify crypto as a financial product similar to securities, thereby increasing transparency and protecting investors. This plan is expected to be announced in June 2025.

Japan is once again showing how important it is to keep the cryptocurrency market under control. The Financial Services Agency (FSA) has issued warnings to five foreign crypto exchanges at once: KuCoin, bitcastle, Bybit, MEXC, and Bitget. The reason? These exchanges provided services to Japanese users without registration, which violates local laws. 😱