The Financial Services Agency of Japan will restructure and establish a new department for cryptocurrency and innovation next year, with a budget of approximately 170 million dollars

ChainCatcher news, according to CoinDesk Japan, the Financial Services Agency (FSA) of Japan has announced its budget, organization, and staffing requirements for the fiscal year 2026. In the requirements, the agency proposed a significant reorganization, including the establishment of a new "Cryptocurrency and Innovation Department," with a budget set at 25 billion yen (an increase of 1.19 billion yen from the previous fiscal year), approximately 170 million USD.
According to the documents released, the FSA has identified the reorganization's objective as "the need to utilize new digital technologies such as fintech, cryptocurrency trading, and artificial intelligence to enhance the ability to respond to changes in financial services."

The proposed measures include renaming and reorganizing the existing "Comprehensive Policy Bureau" into the "Asset Management and Insurance Regulatory Bureau (provisional name)," and establishing a "Cryptocurrency and Innovation Division" under this new bureau, upgrading the current "Cryptocurrency and Innovation Advisory Office" to the "Cryptocurrency and Innovation Division."