TechFlow news, September 30 — According to a Bloomberg report, Japan's Financial Services Agency (FSA) will begin reviewing the country's cryptocurrency regulations in the coming months. An FSA official stated that the assessment will focus on whether the current Payment Act sufficiently regulates cryptocurrencies. This move could pave the way for reducing taxes on digital assets and launching domestic cryptocurrency investment funds. Currently, Japan's crypto industry is seeking to lower the tax rate on digital asset gains from the current maximum of 55% to 20%.
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