Japan Crypto Bill Advances With ETF, Tax Reform Path: Report
- On Thursday, Japan's Lower House passed a bill reclassifying crypto assets under the Financial Instruments and Exchange Act, shifting them from the Payment Services Act to align with stock and bond regulations.
- With more than 14 million open crypto accounts, the Financial Services Agency aims to balance user protection with innovation as crypto becomes a mainstream investment target for domestic and foreign investors.
- Proposed changes could lower capital gains tax from a 55% maximum to 20%, while the framework introduces insider trading bans, strict "information public disclosure rules," and increases prison sentences to 10 years for unregistered operators.
- By classifying crypto as financial instruments, the bill opens the door for Crypto-ETFs, giving investors regulated digital asset exposure. Companies failing to obtain independent audits will subject regular investors to a strict 2 million yen investment cap.
- Following the Committee on Financial Affairs' June 10 clearance, the legislation awaits Upper House approval. New trading rules take effect next year, though specific tax changes are expected by 2028.
25 Articles
25 Articles
A bill approved in the lower house classifies crypto assets as financial instruments, reduces capital gains tax, and tightens trading rules.
Cointelegraph
Cryptocurrency News | Cryptocurrency Prices | Market CapJapan Crypto Bill Advances With ETF, Tax Reform Path: Report
Japan’s Lower House reportedly passed a crypto market bill that could bring digital assets under financial instruments rules and pave the way for ETFs and a 20% tax rate.
Japan's Lower House Passes Bill Moving Crypto Under Securities Law, Opening Path to ETFs and 20% Tax Rate
Japan's lower house passed a bill on Thursday that reclassifies cryptocurrencies as financial instruments under the country's securities framework, clearing a path to regulated spot ETFs and a flat 20% capital-gains tax. The legislation amends the Financial Instruments and Exchange Act (FIEA),... Read the full story at The Defiant
Crypto News: Japan Advances Crypto Reform Bill Covering Bitcoin, Ethereum and XRP
Key Insights: Japan’s lower house approved a bill to classify crypto as a financial product similar to stocks. The bill would cut Japan’s crypto tax rate from as high as 55% to a flat 20% from 2028. The crypto news would add insider trading rules and tougher penalties for unregistered crypto sales. Japan has moved a major crypto reform bill through its House of Representatives. The bill seeks to place Bitcoin, Ethereum, XRP, and other digital a…
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