Japan Passes Historic Crypto Bill: 20% Flat Tax Proposed for 2028
Japan’s lower house has passed a landmark bill officially classifying cryptocurrencies (such as Bitcoin and Ethereum) as financial instruments under the Financial Instruments and Exchange Act.
Key Takeaways:
New Classification: Crypto is now legally recognized alongside traditional financial instruments.
Tax Cut on the Horizon: The legislation proposes slashing the tax rate on crypto profits to a flat 20% starting in 2028.
Market Impact: This regulatory shift signals a major transition toward a more crypto-friendly and legally structured economic environment in Japan.