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Japan's Financial Services Agency (FSA) is planning a significant overhaul of its cryptocurrency regulations. The agency intends to classify cryptocurrencies as financial products similar to securities, which could lead to enhanced investor protections and greater transparency. The proposed changes include lifting the ban on Bitcoin spot ETFs and reducing the tax rate on crypto-assets from the current 55% to 20%. The FSA aims to announce its policy direction by June 2025, with public consultations set for later in the year. A legal amendment is expected to be submitted by 2026. These measures are designed to balance investor protection with market growth, potentially attracting institutional investors and boosting market activity.
JAPAN MAY CLASSIFY CRYPTO AS SECURITIES: HERE’S THE PLAYBOOK Japan’s FSA is looking to classify crypto as securities, with changes potentially hitting by 2026. If this happens, retail investors could face tighter rules, but it sets the stage for crypto ETFs - a green light for… https://t.co/Arg2x9hmYA
One key aspect of crypto regulation im anxious to see is If they make it more onerous to be a “real” project that builds shit vs just a meme There are huge advantages to being openly traceable and unrestricted as our current crypto environment is If builder projects get…
If there’s an existing organization with obvious avenues to build an ecosystem for a token it’s an ecosystem token, not a meme coin