TechFlow news, on June 24, according to CoinPost, the Japanese Financial Services Agency released a document titled "Discussion on the Future Direction of Crypto Asset Regulation," announcing the establishment of a working group on crypto asset systems, which will be discussed at the plenary session of the Financial Advisory Council on the 25th. The core agenda is to transfer crypto assets currently regulated under the Funds Settlement Law to the framework of the Financial Instruments and Exchange Act, formally classifying them as "financial instruments." If implemented, this reform could reduce the tax rate on crypto assets from a maximum of 55% under comprehensive taxation to approximately 20% under separate return filing, while paving the way for the approval of products such as Bitcoin ETFs in the Japanese market.
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