Japan’s Financial Services Agency (FSA) has proposed recognizing cryptocurrencies under the Financial Instruments and Exchange Act to facilitate ETFs, along with a flat 20% capital gains tax.
Over 12 million active crypto accounts in Japan now hold assets exceeding 5 trillion Japanese yen (approximately 34 billion USD), indicating a significant shift in investment trends.
This proposal reacts to rising global institutional involvement in crypto, with over 1,200 financial institutions now holding US-listed Bitcoin ETFs.
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