POPA ReconJapan Reclassifies Crypto as a Financial Product, Paves Way for Tax Cuts
Japan Reclassifies Crypto as a Financial Product, Paves Way for Tax Cuts Japan's parliament passed a landmark bill formally reclassifying cryptocurrencies as financial instruments, shifting them from a payment-tool framework to an investment category alongside stocks and bonds. The legislation, approved by the House of Councillors on Wednesday, amends the Financial Instruments and Exchange Act and the Payment Services Act. It clears a key legal hurdle for future spot Bitcoin ETFs, with the Japan Exchange Group reportedly eyeing first listings as early as 2027, though no ETF products have bee…
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