Japan Eyes 20% Flat Tax and Bitcoin ETFs in Crypto Policy Overhaul

Japan proposes to regulate crypto assets under the Financial Instruments and Exchange Act. The move could legalize Bitcoin ETFs and reduce the tax on crypto gains from up to 55% to a flat 20%. This marks a strategic change toward embracing Web3 technologies as part of Japan’s economic agenda. Japan has signaled a shift in its approach to cryptocurrency, with regulators putting a sweeping proposal on the table that would dramatically cut taxes on crypto gains and clear the path for the nation to launch its own Bitcoin ETFs. The plan was unveiled today by Japan’s Financial Services Agency (FSA) to bring crypto assets under the country’s Financial Instruments and Exchange Act (FIEA). If the proposal is approved, crypto assets in Japan, currently regulated under the Payment Services Act, would be officially recognized as “financial products” under the FIEA. The move aims to align cryptocurrencies more closely with traditional investment vehicles such as stocks and bonds. The proposal will be discussed at the upcoming Financial Services Council meeting on June 25. Crypto Gains Tax Cut to 20% and Bitcoin ETFs One of the most notable changes u… The post Japan Eyes 20% Flat Tax and Bitcoin ETFs in Crypto Policy Overhaul appeared first on Coin Edition .

Source: Coin Edition