Listen, something very interesting is happening in Japan with the crypt. A country that used to be quite cautious about digital assets is now changing course — and doing it in its own way, strictly, systematically, but with an eye to growth.
That's what the Japanese are up to. The Financial Services Agency of Japan (FSA) has proposed to officially recognize cryptocurrencies as financial products, rather than just digital means of payment. This is very important, because then they will fall under the securities act, just like ordinary stocks or bonds. This means that it will be possible to launch bitcoin ETFs, that is, funds that allow you to invest in bitcoin through the stock market, without bothering with wallets and exchanges.
Even cooler, they want to reduce taxes on income from cryptocurrencies. Now in Japan, there is a progressive scale: if you have earned a lot on the crypt, you can give more than half of your income to the tax, up to 55%! But if the changes are accepted, the rate will become fixed — 20%, as on income from shares. This is just a huge incentive for investors and companies to work in a legal field.
And this is not just a private initiative. These reforms are part of a larger plan for Japan's economic revival, which they call "new capitalism." The government has already officially included Web3, crypta, and NFT among its priorities — not as toys for techies, but as real tools for regional development and attracting investment.
What else is important:
In 2023, Japan has already abolished the tax on unrealized profits from tokens issued by companies — that is, they have taken a step towards normalizing corporate ownership of crypto assets.
In early 2024, the first bitcoin ETF was approved in the United States, and Japan clearly does not want to lag behind.
Asian neighbors like Singapore and Hong Kong are also actively building crypto-friendly regimes — competition for the status of a regional crypto hub is growing.
It turns out that Japan wants not just to catch up with the trend, but to integrate into the global financial system of the future, where crypto is a full—fledged asset class, not an exotic one.
This approach can not only attract new investors, but also retain those who are already working with cryptocurrencies, but left for other countries due to strict regulations.
And so I have a question for you, my friend: if Asia's largest economy decides to recognize the crypt as a financial instrument and impose the same tax on it as stocks, is this a sign that the crypt is really maturing, or is it just an attempt by the state not to miss money from a new trend?
