Nikkei reports that Japan’s financial regulator is contemplating stricter rules for crypto asset disclosures.

Japan’s Financial Services Agency Explores Stricter Regulations for Crypto Assets to Strengthen Investor Safeguards and Encourage ETFs
10/2/2025

Japan’s Financial Services Agency (FSA) is exploring the possibility of classifying crypto assets as financial instruments similar to securities in an effort to bolster investor protection. This move would require more detailed disclosures from companies operating in the crypto space, as reported by Nikkei.

The FSA is holding closed-door discussions with experts to evaluate the current regulatory landscape. The agency intends to propose new regulatory measures by June, according to the report.

These potential regulatory changes could make spot cryptocurrency exchange-traded funds (ETFs) more viable, should they be approved in the future. In August, the head of the FSA remarked that “cautious consideration” is needed before making any decision on approving crypto ETFs.