🇯🇵 Crypto reform is being prepared in Japan

Japan’s Financial Services Agency (FSA) is forming a new task force to bring crypto under the Financial Instruments and Exchange Act. What does this mean?

✦ Crypto may be recognized as a financial product

✦ Tax rates could drop from 55% to around 20% (like stocks)

✦ A Bitcoin ETF could soon be launched in Japan

✦ Stronger protection for investors

✦ Web3 & NFTs will become part of Japan’s “Investor Nation” plan