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Crypto Overhaul In Japan: ETF Launch And Lower Taxes Ahead?

  • The Japanese financial regulator is preparing to review cryptocurrency regulations, potentially lowering crypto taxes and paving the way for a digital assets exchange-traded fund (ETF).
  • The review will focus on assessing the adequacy of current regulations under the Payments Act and determining if it provides sufficient investor protection.
  • Reclassifying tokens as financial instruments under Japan's investment law is being considered, which could lead to reduced tax rates on crypto gains and the launch of token-based ETFs.
  • Despite past challenges with cryptocurrency exchanges, the Japanese regulator aims to regulate without excessive restrictions, allowing room for growth and attracting institutional investors.

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