Japan’s FSA flags KuCoin and other platforms for unregistered OTC derivatives trading
Japan’s Financial Services Agency has widened its crackdown on offshore crypto derivatives platforms, issuing warnings to KuCoin, NeonFX, TheOption and GTCFX for soliciting over-the-counter derivatives business from Japanese residents without proper authorization. The action reinforces Tokyo’s increasingly strict posture toward foreign platforms that continue to target domestic users from outside the country’s regulatory perimeter.
DOGE Japan Edition launches to reform tax breaks and subsidies
Japan has launched the “DOGE Japan Edition” initiative to review and reform long-standing tax breaks and subsidies, aiming to stop an estimated ¥1.5 trillion annual revenue shortfall. The policy office was created in November 2025 and held its first ministerial meeting in December 2025, signaling a structured, multi-year reallocation of fiscal incentives toward priority industries.