Japan’s Financial Services Agency (FSA) has added Ripple’s XRP to a newly published framework that recognizes more than 100 cryptocurrencies as falling under Japan’s Payment Services Act — a move that clarifies which tokens can be legally listed and traded on platforms operating in the country.
What the recognition means
- The FSA doesn’t “endorse” these assets; it confirms they meet the legal definition of crypto assets under Japan’s Payment Services Act. In its statement the regulator said: “The crypto assets handled by the Crypto Asset Exchange Service Providers listed in this list are merely confirmed to fall under the definition under the Payment Services Act, considering the explanation of the Crypto Asset Exchange Service Providers.”
- Exchanges that operate in Japan — including major global players such as Binance and Coinbase — must register with the FSA and get each cryptocurrency they plan to list approved before the token can go live for trading.
- Roughly 28 cryptocurrency trading platforms are currently registered under the FSA to provide services to users in Japan.
Notable inclusions
Among the 100+ recognized assets are major names across categories: Bitcoin (BTC), Ethereum (ETH), Ripple’s XRP, Cardano (ADA), Solana (SOL), and popular meme tokens like Dogecoin (DOGE) and Shiba Inu (SHIB). While recognition does not equal regulatory endorsement, being listed in the FSA’s framework is a key step for market access in Japan and signals formal regulatory clarity for those assets within the country.
Full list of crypto assets recognized by Japan’s FSA:
ADA, ALGO, APE, APT, ARB, ASTR, ATOM, AVAX, AXS, BAT, BC, BCH, BNB, BOBA, BORA, BRIL, BSV, BTC, CHZ, CICC, COMSA, COT, CRTS, CYBER, DAI, DEP, DOGE, DOT, EFI, ELF, ENJ, ETC, ETH, FCR, FCT, FET, FIL, FLR, FNCT, FPL, FSCC, FTT, GALA, GRT, HBAR, IMX, IOST, IOTX, JASMY, JOC, KAIA, LINK, LPT, LSK, LTC, MANA, MASK, MBX, MEME, MONA, NAC, NCXC, NEAR, NEIRO, NEO, NIDT, OAS, OKB, OMG, ONT, OP, OSHI, PEPE, PLT, POL, QASH, QTUM, RENDER, RYO, SAND, SEI, SHIB, SKEB, SKY, SNPT, SOL, SUI, SXP, TAO, THETA, TON, TRUMP, TRX, UPC, XCP, XDC, XEM, XLM, XRP, XTZ, XYM, ZAIF, ZIL, ZPG, ZPGAG, ZPGPT.
Why it matters
For issuers and exchanges, FSA recognition is a practical gateway to Japan’s onshore market and investor base. For traders and institutional participants, it provides clearer regulatory footing for many tokens — even as the regulator stops short of recommending specific assets. The list also underscores Japan’s ongoing effort to bring transparency and legal clarity to crypto markets after years of regulatory evolution.
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