Japan’s parliament poised to pass sweeping bill to regulate crypto like stocks
The bill would add disclosure rules, insider-trading bans and tougher penalties as regulators say crypto has become a mainstream investment with 14 million accounts.
- 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.
15 Articles
15 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 bill that would bring crypto under the country’s financial instruments framework, potentially opening the door to ETFs and lower tax treatment.
Japan's Crypto Tax Cut Bill Seeks 20% Rate And ETF Access
Japan’s crypto tax cut legislation advanced after the lower house approved a bill to reduce digital asset gains taxes. The proposal would create a path for crypto ETFs. It would also regulate cryptocurrencies under the same framework used for stocks. According to a Bloomberg report, the bill was approved on Thursday and will move to […]
Japan Advances Crypto Bill That Could Open Door To ETFs And Lower Taxes
Japan's lower house passed a bill on Thursday that reclassifies cryptocurrencies as financial instruments under the Financial Instruments and Exchange Act, according to Bloomberg, a shift that would cut investor taxes, impose stock-style trading rules and clear a path for crypto exchange-traded funds. The legislation pulls digital assets out of the Payment Services Act, the framework that has governed them as a means of settlement, and places th…
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