Shiba Inu Joins Elite List in Japan, Simplifies Trading and Tax Benefits

Japan’s Financial Services Agency (FSA) has granted Shiba Inu a prestigious place on its Green List alongside Bitcoin and Ethereum. This recognition streamlines trading on licensed exchanges within Japan, opening the door to potential tax benefits under new reforms. The decision reflects Japan’s rigorous regulatory framework for cryptocurrencies, where only around 30 assets are recognized as reliable for simplified trading. The FSA’s evaluation considers transparency of the project, technology stability, and price volatility.