New trends in Japan's cryptocurrency policy: reviewing rules, tax cut expectations and new product launches
Japan is about to begin reviewing the country's cryptocurrency rules, which may reduce taxes for crypto companies and launch new investment products such as cryptocurrency ETFs.
The Financial Services Agency of Japan will evaluate the adequacy of the current approach to regulating cryptocurrencies under the Payments Act in the coming months and consider whether to include cryptocurrencies in the Investment Act.
The industry seeks to cut the tax on digital asset gains to 20%.
