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Hong Kong reiterates plan to submit crypto licensing bill amendments by end-2026
Hong Kong reiterates plan to submit crypto licensing bill amendments by end-2026
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Japan regulat
2026-08-26 13:26:11

Nomura’s Laser Digital wins a rare Japan crypto license and heads straight for institutional flow

Japan has added its first new licensed crypto trading operator since 2022, with Laser Digital Japan, a unit of Nomura Holdings, completing its crypto-asset exchange registration on Aug. 21. The approval ends a nearly four-year stretch without a new entrant and stands out not only because of the scarcity of licenses, but because of what Nomura plans to do with it. Laser Digital is not starting with retail. Its initial plan is to provide liquidity to licensed domestic virtual asset service providers in Japan, then expand into digital asset trading for institutional investors. That approach reflects the structure of Japan’s market, where established platforms such as Coincheck, bitFlyer, bitbank, SBI VC Trade, GMO Coin and Binance Japan already dominate retail channels with existing users, apps, brands and payment rails. The move also lands as Japan is reshaping how crypto fits into its wider financial system. Legal amendments passed in July 2026 set a direction for shifting crypto trading oversight from the Payment Services Act to the Financial Instruments and Exchange Act. Tax reform proposals for fiscal 2026 also point to a 20% separate tax rate for qualifying crypto trading gains, with losses allowed to be carried forward for three years, subject to the regulatory changes taking effect. At the same time, a new intermediary framework introduced in June is lowering the cost for financial institutions to offer crypto-related services without operating a full exchange themselves.

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Nomura’s Laser Digital wins a rare Japan crypto license and heads straight for institutional flow
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