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Japan Finance Agency will reorganize and establish a new crypto and innovation department in 2026, with a budget of approximately US$170 million
According to Foresight News, according to CoinDesk Japan, the Japan Finance Department (FSA) has announced budget, organization and staffing requirements for the 2026 fiscal year. In the request, the agency proposed a major restructuring, including the establishment of a new “cryptocurrency and innovation division” and set a budget of 25 billion yen (an increase of 1.19 billion yen from the previous fiscal year), about $170 million.
According to the document published this time, the Finance Department determined the restructuring topic as "need to use new digital technologies such as financial technology, cryptocurrency trading, artificial intelligence, etc. to strengthen its ability to respond to changes in financial services." The proposed response includes renaming and reorganizing the existing "Comprehensive Policy Bureau" into the "Asset Management and Insurance Regulatory Bureau (tentative name)" and establishing the "Cryptocurrency and Innovation Division" under the new bureau, upgrading the existing "Cryptocurrency and Innovation Office" to the "Cryptocurrency and Innovation Division".
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