๐ Japan Clears Path to Spot Bitcoin ETFs โ Crypto Tax Rate to Plunge from 55% to 20%
Japan's Upper House today approved amendments to the Financial Instruments and Exchange Act, officially reclassifying Bitcoin, Ethereum, and XRP as financial instruments alongside stocks and bonds. The move opens the door for spot crypto ETFs on the Tokyo Stock Exchange by 2027, and lawmakers also approved slashing the top crypto tax rate from a punishing 55% down to a flat 20% starting 2028. Japan is the world's third-largest economy โ is this the next major wave of institutional adoption about to build? Not financial advice.
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