Japan’s Financial Services Agency aims to lift the ban on spot cryptocurrency ETFs by 2028, requiring amendments to recognize cryptocurrencies as ‘specific assets’. Financial giants SBI and Nomura are at the forefront of developing related products.
If approved, individual investors can trade cryptocurrency ETFs on the Tokyo Stock Exchange. This initiative will improve asset allocation options, contingent upon necessary tax reforms to reduce the current maximum tax rate of 55% on virtual assets.
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