New rules split tokens into “Startup Coins” vs “OG Coins” — here’s why it matters
In April 2025, Japan’s Financial Services Agency (FSA) dropped a proposal to finally sort crypto into two clear categories. It’s the kind of move that could clean up the chaos—and maybe even set a global example.
The plan? Stop pretending Bitcoin and altcoins are the same beast. Instead, regulate them based on what they actually do.
*� Type 1 — “Startup Coins”
Think of these like the Kickstarter of crypto.
These are tokens issued by new projects to raise money. The FSA says: fine, but tell us who you are, what you’re building, and how the money will be used. Transparency is mandatory. No more “just vibes” launches.
*� Type 2 — “OG Coins”
Bitcoin, Ethereum, and other decentralized bad boys fall here. No central team, no fundraising. Since there’s no one “in charge,” traditional disclosure rules don’t fit—but Japan still wants to keep an eye on how they’re traded and used in finance.
Because crypto is still full of information asymmetry—where insiders win and everyone else gets rugged.
Here’s what the new rules are trying to fix:
The FSA isn’t just slapping down rules—they’re asking for opinions. Developers, investors, even normies can send feedback until May 10, 2025. That’s rare, and it shows Japan’s playing the long game.
Japan’s been in the crypto game since the Mt. Gox disaster, and now it’s flexing as one of the most forward-thinking regulators out there.
This new classification fits the pattern: more clarity, less chaos. And if it works? Other countries might just copy-paste the playbook.
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