Financial Services Agency Budget Reaches Record High, Strengthening Oversight of Cryptocurrency and AI
Prefer us on GoogleRecord High Budget Request
The Financial Services Agency (FSA) is adjusting its budget request for fiscal year 2027, aiming for a record high of 40 billion yen to enhance digital responses in financial administration, as reported by the Nikkei and Kyodo News on the 24th. This represents an expected increase of about 60% compared to the previous year.
In the digital investment sector, the FSA plans to establish a market monitoring and surveillance infrastructure utilizing AI (artificial intelligence). In addition to strengthening cybersecurity measures for financial institutions, it will also promote support for transitioning to post-quantum cryptography (PQC), which is considered difficult to decipher even with quantum computers.
Historically, the FSA's budget has been smaller compared to other ministries, typically around 20 billion yen. With this budget request, it is expected to reach the significant milestone of 40 billion yen, marking an unprecedented scale.
The agency will also expand support for regional financial institutions. It is expected to promote growth support for companies receiving loans from local banks and credit unions, as well as business revitalization support through demonstration projects and talent matching platforms.
As a specific measure, training will be conducted for executives and staff of regional banks, credit unions, and credit associations. The agency aims to enhance staff expertise in collaboration with public-private funds and securities companies that support regional economic revitalization.
Strengthening the System
The FSA is also seeking to enhance its organizational structure by increasing the number of specialized personnel responsible for monitoring cryptocurrency exchanges and addressing the risks associated with advanced AI, known as "Frontier AI," which is feared to be misused in cyberattacks.
On the other hand, credit unions and credit associations have faced a series of scandals in recent years, prompting the establishment of a new "Inspection Planning Office (tentative name)" that will serve as the command center for financial institution inspections. The specific budget amount will be determined after future assessments by the Ministry of Finance.
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like
Bitcoin Just Hit $80,000: Last Week WEEX's Prediction Came True — What's Next?
Bitcoin hit $80,000 as WEEX predicted last week. See what drove the breakout, current key levels, and whether $90,000 is next.
Mining Artificial Intelligence: Why Bitcoin Miners Are Changing Their Business Model
Can Credit Be Established Without KYC? Exploring the Scope of Crypto from Existing Finance
Why Have Fertilizer Prices Increased Before Grain Prices Take Off?
Bitcoin break $80K！NVIDIA Extends Declines | WEEX TradFi Daily (Aug. 25, 2026)
Global markets delivered mixed signals. Bitcoin and Ethereum strengthened as institutional flows into spot ETFs supported a recovery in crypto risk appetite, while the Robinhood ecosystem and NFT sector also remained active. In technology, NVIDIA continued to weaken ahead of its earnings release, with investors focused on AI returns, customer capital expenditure, and order execution. PDD Holdings saw significant volatility after reporting results, while Applied Optoelectronics came under pressure following its large equity financing announcement. Investors are also awaiting new rate-path signals from the Jackson Hole Economic Symposium.
CFTC clashes with U.S. soldier over $400K Polymarket bet
CFTC Considers the Viability of Perpetual Futures in GPU Computing
US Treasury May Tap $950 Billion Reserve to Calm Markets
Bitcoin is once again being 'buried' on social media: what this could mean for its price
They Thought They Were Talking to Apple: $195,000 in Cryptos Vanished in Singapore
Can US Treasury Buybacks Save the Market? Hayes Predicts BTC Trends in Three Scenarios
Advertising Crypto Services in Russia: What is Now Allowed and What Remains Prohibited
Ethereum proposal would cut 33,800 ETH issuance and break every deployed Altair light client
[SCAN 2026 Final Interview] ⑬ BITSkrieg: Indian Engineering Students' Challenge for SCAN2026 Victory
New Project in the ZEC Space: Vitalik's Only Coin Purchase in Two Years
Reassessing $HTX Amidst the Bull Market: The Equity Token for Global Assets Entering the Crypto World
Cryptocurrency Trading at Bank Leumi: Israel's Largest Bank Partners with Galaxy
When Computing Power Becomes a Trading Asset - From Computing Power Futures to Computing Power Dollars
How Bitwise Funds Attracted $1.8 Billion in the First Half of the Year
Claims of 47% Rice Price Increase, Public Indicators Show 3.8%
Supply Chain Becomes the Frontline | Rewire News Morning Briefing
Important News from Last Night and This Morning (August 24 - August 25)
A Ring Sold for $16 Billion, Oura Prepares for IPO in the U.S.
Where is the Next Big Scene for AI Beyond Coding? Discussing Four Time Gaps in AI Development
![[ETH Letter] Glamsterdam Approaches with Foundation Recruitment and Funding Details Released](/public-static/14_1ee1df8c36.png?format=avif)
[ETH Letter] Glamsterdam Approaches with Foundation Recruitment and Funding Details Released
U.S. Towns Resist Data Center Construction, Bitcoin Miners Become the Biggest Beneficiaries
Controversy Over the Relocation of Policy Banks and 24-Hour Foreign Exchange Dealing Rooms
Financial Stability Standards to be Recalculated Considering Cryptocurrencies
Coinbase Investor Class Action Can Move Forward, Federal Judge Rules
Treasury Proposes Stablecoin Licensing Rules Under GENIUS Act
Bitcoin Just Hit $80,000: Last Week WEEX's Prediction Came True — What's Next?
Bitcoin hit $80,000 as WEEX predicted last week. See what drove the breakout, current key levels, and whether $90,000 is next.
Mining Artificial Intelligence: Why Bitcoin Miners Are Changing Their Business Model
Can Credit Be Established Without KYC? Exploring the Scope of Crypto from Existing Finance
Why Have Fertilizer Prices Increased Before Grain Prices Take Off?
Bitcoin break $80K！NVIDIA Extends Declines | WEEX TradFi Daily (Aug. 25, 2026)
Global markets delivered mixed signals. Bitcoin and Ethereum strengthened as institutional flows into spot ETFs supported a recovery in crypto risk appetite, while the Robinhood ecosystem and NFT sector also remained active. In technology, NVIDIA continued to weaken ahead of its earnings release, with investors focused on AI returns, customer capital expenditure, and order execution. PDD Holdings saw significant volatility after reporting results, while Applied Optoelectronics came under pressure following its large equity financing announcement. Investors are also awaiting new rate-path signals from the Jackson Hole Economic Symposium.
CFTC clashes with U.S. soldier over $400K Polymarket bet
Latest articles
Latest coin listings on WEEX
