Japan’s Financial Services Agency (FSA) will launch a dedicated Crypto Assets and Stablecoins Division on August 7, giving the country’s digital-asset firms a single supervisor. What does the new FSA division do? Crypto oversight in Japan has typically been scattered across low-level offices, but the Financial Services Agency will be launching a division with three specialized teams dedicated to the sector, called the Crypto Assets and Stablecoins Division, on August 7. The new Crypto Assets and Stablecoins Division sits under the newly created Asset Management and Insurance Supervision Bureau, and has more staff, a larger budget, and more authority than the previous administration. Regarding taxes, Cryptopolitan reported that a companion tax proposal expected to apply from January 1, 2028, would cut Japan’s maximum crypto tax from 55% to a flat 20%, matching the rate on stocks.