Japan slow to approve crypto ETFs, maintains strict tax, regulations
#etfapproval Table of Contents
Market Musing-g
Japan slow to approve crypto ETFs, maintains strict tax, regulations
Table of ContentsGlobal market shiftsTax and regulatory concerns Japan still bullish on Bitcoin
Japan’s regulators are hesitating to approve cryptocurrency-based exchange-traded funds (ETFs), even as global markets embrace spot crypto ETFs.
Despite growing calls from domestic advocacy groups and partnerships forming to launch digital asset products, Japan’s tax and regulatory stance continues to present hurdles to adoption.
Mario Nawfal, entrepreneur and host of “The Roundtable Show” on X, described Japan’s approach to crypto ETFs as “still in HODL mode.”
Global market shifts
The United States and Hong Kong have already approved spot Bitcoin (BTC) and Ether (ETF) ETFs, demonstrating a growing willingness to incorporate crypto into traditional finance (TradFi).
This shift is evident in institutional and retail investment in new crypto ETF products, as seen on Oct. 22, when investors poured £329 million into BlackRock’s iShares Bitcoin Trust.
The US Securities and Exchange Commission (SEC) gave spot BTC ETFs the green light in January, followed by Ether ETFs in July, while Hong Kong authorities approved both in April.
However, Japan’s Ministry of Finance and its Financial Services Agency (FSA) have remained cautious about the volatility and risks associated with crypto ETF products.