Odaily Planet Daily Report: Japan’s regulators are advancing adjustments to the legal framework for digital asset investments, with spot Bitcoin ETFs potentially approved for listing as early as 2028—though the timeline remains dependent on regulatory progress, product reviews, and tax reform. On July 15, Japan’s Diet approved moving Bitcoin and approximately 105 other crypto assets from the Payment Services Act to the Financial Instruments and Exchange Act, removing a major legal barrier to listing related funds on the Tokyo Stock Exchange. Major Japanese financial groups, including SBI Holdings and Nomura, are preparing digital asset products. Japan also plans to revise its crypto asset tax regime from a maximum 55% miscellaneous income tax rate to a separate filing system at approximately 20.315%.
Japan's spot Bitcoin ETF could list as early as 2028.
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Summary
Bitcoin ETF news broke this week as Japan moves closer to approving spot Bitcoin ETFs as early as 2028. On July 15, the country reclassified Bitcoin and 105 other cryptocurrencies under the Financial Instruments and Exchange Act, removing a major barrier to ETF listings on the Tokyo Stock Exchange. SBI Holdings and Nomura are already developing digital asset products. Japan also plans to reduce crypto tax rates from 55% to approximately 20.315%. Bitcoin news continues to underscore regulatory progress in key markets.
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