The Financial Services Agency of Japan considers incorporating crypto assets into the Financial Instruments and Exchange Act, or advancing separate taxation and Bitcoin ETF.

The Financial Services Agency of Japan today released a document announcing that it will seriously consider transferring the regulation of crypto assets from the Payment Services Act to the framework of the Financial Instruments and Exchange Act. If smoothly advanced, crypto assets will be officially positioned as financial products, and the relevant tax system is expected to shift from a maximum comprehensive tax rate of 55% to about 20% for separate taxation, and the ban on Bitcoin ETFs may be lifted, improving the investor access environment. $XRP