TechFlow News, July 15, according to CoinPost, Japan's "Partial Amendment Bill to the Financial Instruments and Exchange Act and the Payment Services Act" was passed at the Plenary Session of the House of Councillors on July 15 and officially established. The amendment defines crypto assets as financial instruments for the first time, with core content including:
- Tax System Reform: Changed from comprehensive taxation with a maximum rate of 55% to separate taxation (tax rate approximately 20%), and allows loss carryforward for 3 years
- ETF Liberalization: Establishing the institutional framework for crypto asset ETFs, Japan Exchange Group expects listing around 2027
- Investor Protection: Introduction of insider trading regulations for the first time, strengthening the prohibition of trading on non-public information; the maximum criminal penalty for unregistered sales increased from 3 years imprisonment to 10 years
- Information Disclosure: Issuers of specific crypto assets must publicly disclose information regularly every year
Tax system changes are conditional upon the enforcement of the law; if enforced in fiscal year 2027, the new taxation system will officially apply from January 1, 2028.
Add to Favorites
Share to Social Media
