Japan’s regulators are advancing adjustments to the legal framework for digital asset investments, with spot Bitcoin ETFs potentially approved as early as 2028. On July 15, the Japanese Diet approved moving Bitcoin and approximately 105 other crypto assets from the Payment Services Act to the Financial Instruments and Exchange Act. Major Japanese financial groups, including SBI Holdings and Nomura, are preparing digital asset products, and Japan plans to reform its crypto asset tax system from a maximum 55% miscellaneous income tax rate to a separate filing system at approximately 20.315%.
Japan Advances Legal Framework for Digital Assets; Spot Bitcoin ETFs May Launch as Early as 2028
AiCoinShare
Summary
Japan is moving to strengthen its legal framework for digital assets, with spot Bitcoin ETFs potentially launching by 2028. On July 15, the country reclassified Bitcoin and 105 other cryptocurrencies under the Financial Instruments and Exchange Act. SBI Holdings and Nomura are developing related products. The tax rate for digital collectibles and crypto will shift from 55% to approximately 20.315%.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.