Japan proposes two-tier crypto regulation framework to balance innovation and investor protection

11-4-2025 – Japan’s Financial Services Agency (FSA) has drafted a comprehensive proposal that fundamentally reimagines the regulation of digital assets. The framework, open for public consultation until 10 May 2025, introduces a novel bifurcated approach to cryptocurrency governance. At the heart of the proposal lies a sophisticated distinction between established cryptocurrencies and emerging digital tokens. [ source: https://www.cointrackdaily.com/japan-proposes-two-tier-crypto-regulation-framework-to-balance-innovation-and-investor-protection/