Japan Proposes Flat 20% Crypto Tax & Plans to Allow Crypto ETFs

Japan’s Financial Services Agency (FSA) has proposed a groundbreaking plan: a 20% flat tax rate for crypto gains and the potential approval of crypto-based exchange-traded funds (ETFs) by 2026. These reforms aim to incentivize institutional investors and drive growth within Japan’s burgeoning crypto market. The FSA believes this move will reshape Japan’s crypto landscape, aligning it with traditional asset classes like equities.