$BTC The Financial Services Agency of Japan (FSA) has presented an initiative to change the legal status of cryptocurrencies, which could pave the way for the launch of exchange-traded cryptocurrency funds (ETFs) and the introduction of a fixed profit tax of 20%.

According to the proposal, cryptocurrencies should be recognized as financial products under the Financial Instruments and Exchange Act — a regulatory act governing activities related to securities and traditional financial instruments.#BinanceHODLerSAHARA .#BinanceAlphaAlert .#MarketRebound .#NEWTBinanceHODLer .#BinanceTGEXNY