Japan's regulators are hesitant to authorize cryptocurrency-based exchange-traded funds (ETFs) despite the global acceptance of spot crypto ETFs. The country's tax and regulatory policies pose obstacles to adoption, with Mario Nawfal describing Japan's stance on crypto ETFs as 'still in HODL mode.' While the US and Hong Kong have approved spot Bitcoin and Ether ETFs, Japan remains cautious due to concerns about volatility and risks. Japan's tax treatment of crypto investments, subject to a high tax rate of up to 55%, is a key issue compared to the lower tax rate for traditional ETFs. Despite proposals for separate taxation at 20%, Japan's Democratic Party for the People faces challenges in parliament. Nevertheless, Japanese firms like Metaplanet continue to accumulate crypto assets, with recent purchases totaling nearly $40.5 million in BTC. Read more AI-generated news on: https://app.chaingpt.org/news