Japan Proposes Crypto Reforms: ETFs & Flat Tax Rate Spark Market Speculation

Japan is preparing to revolutionize its cryptocurrency regulations, aiming for greater market clarity and stability. The Financial Services Agency (FSA) has proposed major reforms focused on crypto-exchange-traded funds (ETFs) and a reduced tax rate of 20%. This move follows similar regulatory shifts in other countries like the US, where the spot Bitcoin ETF launch saw significant institutional participation.