According to CoinMeta, as reported by nada and news, the Japanese Financial Services Agency completed an organizational adjustment on August 7th by establishing a new "Cryptocurrency and Stablecoin Department" responsible for regulating cryptocurrencies and stablecoins. toshiaki and adomi were appointed as the department's first heads. This department is part of the newly established Asset Management and Insurance Supervision Bureau, which has been upgraded from the previous unit responsible for regulating cryptocurrencies, blockchain, and financial innovation. The Japanese Financial Services Agency stated that this organizational change aims to strengthen regulatory capabilities regarding financial innovation and the development of digital technologies, while also incorporating fields such as cryptocurrencies, stablecoins, and payment settlements into the new regulatory framework.