Japan Announces Crypto Regulatory Reforms with Flat Tax Rate and Legal Reclassification
Japan is overhauling its crypto regulations by introducing a flat 20% tax rate on crypto gains, aligning it with the equity market. This reform also includes reclassifying major cryptocurrencies as financial instruments under the Financial Instruments and Exchange Act (FIEA), enabling legal viability for spot and derivative ETFs.
Topics: cryptocurrency ETFs Japan tax policy