Japan's Financial Services Agency considers including crypto assets in the Financial Instruments and Transactions Act for separate taxation
According to online reports, according to CoinPost, the Financial Services Agency of Japan issued a document today announcing that it will seriously consider transferring the regulation of cryptoassets from the Payment Services Act to the framework of the Financial Instruments and Transactions Act. If it progresses smoothly, crypto assets will be officially positioned as financial products, and the relevant tax system is expected to change from a comprehensive tax of up to 55% to a separate tax of about 20%. The ban on Bitcoin ETFs may be lifted to improve investor access.
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