$BTC
šÆšµ Japan: Regulatory Reforms and Institutional Adoption
Legal Recognition and Tax Reforms
Japan's Financial Services Agency (FSA) is set to revise the Financial Instruments and Exchange Act to classify crypto assets as financial products. This change will subject cryptocurrencies to insider trading regulations, enhancing market transparency. Additionally, the FSA plans to reduce the tax rate on crypto earnings from 55% to 20%, aligning it with the standard financial income tax rate. These reforms are expected to be formally announced by June 2025, with legislative amendments likely taking effect in 2026 .
Institutional Moves
Tokyo-listed Metaplanet Inc. has announced plans to accumulate 21,000 BTC by the end of 2026, aiming to become one of the world's largest corporate holders of Bitcoin . Furthermore, SoftBank has expanded its presence in the cryptocurrency sector through strategic investments, signaling growing institutional confidence in digital assets .
Market Growth
Japan's crypto trading population is projected to reach 500,000 daily active traders by the end of 2024, up from 350,000. This growth is attributed to the country's progressive regulatory environment and increased institutional interest .