Japan’s FSA Plans Crypto Tax Cuts and Bitcoin ETF Approvals
Japan's Financial Services Agency (FSA) is reforming crypto regulations to treat crypto financial products similarly to securities. Key changes include:
- Lifting the ban on Bitcoin ETFs
- Reducing the tax rate on crypto assets from 55% to 20%
- Expected announcement in June with legal amendments promoted during the 2026 National People's Congress session
The FSA is consulting experts to evaluate current regulations and ensure user security compliance. The agency previously directed Google and Apple to remove non-compliant crypto exchange apps.
Japan is attracting blockchain firms, with companies like Blockstream expanding operations, aiming to enhance Bitcoin adoption. Public-listed firms, including Metaplanet, have adopted Bitcoin strategies, resulting in significant stock price increases. Metaplanet's stock appreciated by 4000% in eight months due to its Bitcoin holdings, which currently exceed 1,700 BTC, with plans to increase to over 10,000 BTC by 2026.