The entity aims to formulate proposals related to crypto asset regulations and maintain operational activities related to the issuance and trading of crypto assets, among others.
Tokyo-based SMBC Nikko Securities (SMBC Nikko), a major Japanese investment bank and securities firm, has established the ‘DeFi Technology Department’ for business development in the crypto asset sector. 2026 tax reform outline includes a shift to separate taxation for certain crypto assets While crypto assets – primarily Bitcoin and Ethereum – have traditionally been used as means of payment in Japan, the Japanese parliament (Diet) is expected to deliberate revisions