The Japanese Financial Services Agency is considering including encryption assets in the Financial Instruments and Exchange Act, imposing separate taxation, and the Bitcoin ETF is expected to be promoted.

[Japan’s Financial Services Agency Considers Incorporating Encryption Assets into the Financial Instruments and Exchange Act, Separate Taxation and Bitcoin ETF Expected to Advance] According to CoinPost, the Japan Financial Services Agency today released a document announcing that it will seriously consider transferring the regulation of encryption assets from the Payment Services Act to the framework of the Financial Instruments and Exchange Act. If it proceeds smoothly, encryption assets will be formally positioned as financial products, and the relevant tax system is expected to change from a maximum of 55% comprehensive taxation to around 20% separate taxation, and the ban on Bitcoin ETF may be lifted, improving the investor access environment.

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