Japan’s regulatory body is exploring more stringent disclosure requirements for crypto assets, according to Nikkei.

Japan’s FSA Contemplates Enhanced Crypto Asset Disclosures to Bolster Investor Protection and Facilitate ETF Development
10/2/2025

Japan’s Financial Services Agency (FSA) is deliberating on a proposal to treat crypto assets like traditional securities, aiming to improve investor protection by mandating more comprehensive business disclosures, according to a report by Nikkei.

The FSA is currently holding a closed session with regulatory experts to evaluate the existing framework, with plans to roll out any proposed reforms by June.

Such regulatory changes could pave the way for the approval of spot cryptocurrency exchange-traded funds (ETFs), should they materialize. In August, the FSA’s top official emphasized the importance of “careful consideration” before greenlighting crypto ETFs.

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