Odaily Planet Daily News The Japanese Financial Services Agency has begun to consider positioning crypto assets (virtual currencies) as financial products similar to securities, with the aim of requiring companies to disclose more detailed information to protect investors. Currently, the Financial Services Agency is holding closed-door research meetings with experts to review whether the current regulation of virtual currencies is sufficient.
It is reported that the Japanese Financial Services Agency has begun to design a system that will announce a system reform policy in June this year and amend the law in the ordinary Diet in 2026 after discussions in the Financial System Committee this fall.
Bloomberg recently reported that "the expert research group set up by the Japanese Financial Services Agency generally agreed that cryptocurrencies are beginning to be positioned as investment targets", which seems to be a response to the US SEC's approval of Bitcoin Spot ETF and Ethereum Spot ETF, as well as the Trump administration's support for the crypto industry.
The new system also aims to lift the ban on "Bitcoin Spot ETF" and may reduce the current tax rate of up to 55% to 20%, the same as the financial income tax rate, in order to achieve the purpose of both protecting investors and revitalizing the market. An important question raised in the future is whether the target will be all crypto assets, or just those that have been approved as ETFs in the U.S., such as Bitcoin and Ethereum. (Nikkei)
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