Japan Crypto Bill Clears Upper House, Paving the Way for ETFs and Tax Reform
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Japan's upper house approved legislation on July 15 moving cryptocurrency oversight from the Payment Services Act into the Financial Instruments and Exchange Act, reclassifying crypto as financial products and renaming exchange operators. New rules introduce insider trading bans, annual disclosures, stricter penalties and a separate tax rate near 20%. The reform paves the way for crypto ETFs and greater institutional adoption while raising regulatory compliance and tax burdens for exchanges and tokens.
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- Japan reclassifies crypto as a financial product under tougher securities oversight.
- New rules introduce insider trading bans, annual disclosures, and stricter penalties.
- The reform lays the groundwork for crypto ETFs and a separate tax rate near 20%.
Japan’s upper house approved legislation on July 15 that moves cryptocurrency trading oversight from payment law into the securities regulatory framework. The measure amends the Financial Instruments and Exchange Act and the Payment Services Act, following Cabinet approval on April 10 and passage through the lower house.
Crypto Trading Moves Under Securities Law
The Crypto Bill reclassifies digital assets as financial products rather than payment tools, marking a major legal shift for Japan’s cryptocurrency market. As part of this transition, crypto asset exchange operators will be renamed crypto asset trading …
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