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japan

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Japan Reclassifies Crypto as Financial Asset

Japan Reclassifies Crypto as Financial Asset

Japan has reclassified cryptocurrencies as financial instruments under its Financial Instruments and Exchange Act. The landmark law introduces insider trading rules, cuts crypto taxes from 55% to 20%, and opens a legal pathway for spot crypto ETFs.

Japan Slashes Crypto Tax from 55% to 20%: What Builders Need to Know

Japan Slashes Crypto Tax from 55% to 20%: What Builders Need to Know

Japan's lower house just passed a bill reclassifying Bitcoin and Ethereum as financial instruments, slashing the crypto tax rate from 55% to 20%. With ETFs on the horizon and the world's third-largest economy opening its doors, here's what the FIEA reform means for Web3 builders.