Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Japan Poised to Cut Crypto Taxes and Redefine Digital Assets by 2025

Japan Poised to Cut Crypto Taxes and Redefine Digital Assets by 2025

Cryptodnes2024/10/01 16:15
By:Cryptodnes

Japan’s Financial Services Agency (FSA) is preparing to reevaluate its crypto regulations, aiming to create a more investor-friendly environment by 2025, according to a Bloomberg report from Sept. 25.

The FSA’s review , continuing through the winter, will assess if current regulations under the Payments Act are still suitable for the changing crypto landscape.

One potential outcome is the reclassification of digital assets under the Financial Instruments and Exchange Act, which could lead to stricter investment rules but may also lower the tax rate on crypto gains. Currently, crypto profits are taxed up to 55%, but a reclassification could reduce this to around 20%, matching taxation on stocks and other financial assets. The local crypto industry has long advocated for lower taxes, believing this would boost investment and growth.

The review might also pave the way for the approval of exchange-traded funds (ETFs) that include digital assets, further integrating cryptocurrencies into Japan’s financial markets. Japan has been focused on balancing innovation with investor protection, and this latest review aims to continue promoting the digital asset space while maintaining safeguards.

READ MORE:
Analyst Predicts Bitcoin Rally Beyond $70K After Brief Pullback

As Japan strengthens its digital asset sector, including blockchain and stablecoin developments, there are concerns about how leadership changes might impact crypto policies. Prime Minister Fumio Kishida has been supportive of Web3 and blockchain, but future leadership could shift the regulatory approach. Despite this, Japan’s crypto market has seen rising trading volumes in 2024, reaching almost $10 billion, fueled by a Bitcoin rally and increased interest in cryptocurrencies.

SHARE: SHARES
4

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!