Japan’s Upper House Backs Crypto Bill Targeting ETFs and Lower Taxes

Japan shifts crypto oversight from payment law to investment rules under the Financial Instruments Act. Exchanges face stricter registration, disclosure, governance, security, and customer-protection duties. The bill creates direct insider-trading restrictions and penalties for unlawful crypto market activity. Spot ETFs still need separate approvals, while the 20% crypto tax rate is expected from January 2028. [...]

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