TechFlow News: On April 23, according to CoinPost, at the “9th BCCC Collaborative Day” held on April 21, 2026, Mr. Shigeharu Shimizu, Chief of the Risk Analysis Division, General Policy Bureau of Japan’s Financial Services Agency (FSA), delivered a special keynote speech revealing significant progress in cryptocurrency regulation. The FSA has submitted a bill to the extraordinary Diet session proposing to transfer cryptocurrency assets from the Payment Services Act to the Financial Instruments and Exchange Act. This legislative proposal centers on four key areas: enhanced disclosure requirements, establishment of a new category for independent operators, stricter penalties for unregistered operators, and comprehensive preparations for insider trading regulations.
Meanwhile, the FSA is advancing three Proof-of-Concept (PoC) experiments under its “Payment Innovation Project (PIP)”: First, a cross-border yen stablecoin payment trial involving Japan’s three major banks; second, blockchain-based on-chain settlement of government bonds, social bonds, and equities—aiming to enable 24/7 continuous trading; and third, a bank-to-bank tokenized deposit transfer experiment, which received official support on April 3 this month and will be coordinated with the Bank of Japan’s central bank reserve tokenization sandbox initiative. Mr. Shimizu stated that blockchain holds tremendous potential to enhance convenience and product diversification in financial services, and the FSA will continue advancing institutional development and practical implementation support.
