Japan's House of Representatives passed a bill that would classify cryptocurrencies as financial products and reduce the tax rate on crypto profits to a flat 20% starting in 2028.
According to NS3.AI, current law taxes crypto profits in Japan at a maximum rate of 55%.
The amendment would introduce penalties for crypto insider trading and increase punishments for unregistered crypto sellers.
If enacted next year, the Japan Exchange Group (JPX) would be able to pursue crypto ETF listings for BTC and ETH.
Japan Passes Bill to Classify Crypto as Financial Products, Cut Tax to 20% From 2028
2026-06-11 07:22:14
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