Japan crypto bill advances with ETF, tax reform path: Report
Japan’s Lower House has passed a bill that would reclassify crypto assets under the financial instruments framework, moving them closer to the regulatory treatment of stocks and bonds. The change would impose stricter trading, disclosure, and oversight rules, including limits on insider trading and tougher penalties for unregistered operators. The bill could also pave the way for crypto ETFs in Japan and reduce the tax burden on gains from assets like Bitcoin and Ether. Current capital gains tax can reach 55%; the proposed flat rate would be 20%, matching stocks and bonds, with the tax change expected in 2028. After approval by the Upper House, the legislation is expected to take effect next year. The shift marks Japan’s move from a payment-focused crypto regime toward a capital-markets framework.
