Japan’s Crypto Revolution: Reclassification Set to Unleash ETFs and Lower Taxes
Japan’s Financial Services Agency (FSA) has put forth a sweeping proposal for the reclassification of cryptocurrencies, a move poised to fundamentally reshape the nation’s digital asset landscape. This initiative is designed to pave the way for the launch of crypto exchange-traded funds (ETFs) and introduce a more favorable flat 20% tax on digital asset income.…