6 days ago
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Key Takeaways
- Crypto reclassified from “means of settlement” to financial product under Japan’s FIEA.
- Tax rate on 105 approved tokens drops from up to 55% to flat 20%.
- Insider trading on crypto now prohibited – fines up to ¥10M, prison up to 10 years.
- Nomura and SBI already preparing domestic crypto ETF products.
- Banks and insurance companies may now hold crypto and register as licensed exchanges.
What Changed and Why It Matters
According to report by Nikkei, Japan’s Cabinet has approved a bill moving Read Entire Article
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