🚀 Exciting news from Japan! The Financial Services Agency is gearing up to give crypto assets the legal status of financial products. This move aims to build a solid framework for the crypto industry and boost investor confidence.
📊 The FSA plans to introduce trading restrictions to protect investors, with discussions starting in 2025 and potential legal changes by 2026. Meanwhile, Japan's ruling LDP is pushing for a tax cut on crypto gains from 55% to 20%, which could spark more on-chain activity and pave the way for Bitcoin ETFs. The future of crypto in Japan looks promising!