Japan to Introduce New Crypto Rules, Including Tax Cuts

Japan’s Financial Services Agency (FSA) is planning a major overhaul of its crypto regulation, aiming to solidify the country’s position as a leader in digital asset adoption. The proposal classifies cryptocurrencies as financial products subject to insider trading rules, while simultaneously significantly reducing taxes on profits from crypto transactions. The changes would affect 105 approved cryptocurrencies in Japan, including major tokens like Bitcoin and Ethereum.