Japan's Crypto Landscape Set for Major Overhaul: ETFs and Tax Cuts on the Horizon
by aria-crypto.com
March 6, 2025 at 11:55
Japan's Crypto Landscape Set for Major Overhaul: ETFs and Tax Cuts on the Horizon
Japan is poised to significantly transform its cryptocurrency regulations as the ruling party proposes a new framework under the Financial Instruments and Exchange Act. This would enable the introduction of cryptocurrency exchange-traded funds (ETFs) and drastically cut taxes on crypto earnings from 55% to 20%. CEO Sota Watanabe of Startale has expressed that these changes position crypto as a unique asset class within Japan, enhancing its regulatory clarity. This regulatory shift paves the way for major financial players like SBI VC Trade to enter the stablecoin arena, starting with USDC transactions following recent government approvals. Moreover, Japan's Financial Services Agency (FSA) continues to liberalize the crypto environment with reduced stabilization requirements and new classifications for crypto brokers, helping them avoid stringent compliance burdens. This overhaul is not merely about broadening services but ensuring higher security and investor protection with measures preventing crypto transfers abroad during exchange bankruptcies. With parliamentary review underway, these developments could vastly increase retail adoption, reaffirming Japan’s role as a leading crypto-friendly nation.
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