🇯🇵 Japan's New Crypto Law Is Here: Insider Trading Banned, Banks May Soon Hold Bitcoin & Tax Slashed to 20%



Japan's Financial Services Agency (FSA) has submitted a landmark bill to parliament that will officially classify crypto as financial instruments under the Financial Instruments and Exchange Act (FIEA).

What's changing:
➡️ Insider trading banned, same rules as stocks now apply to crypto
➡️ 105 approved tokens (including $BTC & $ETH) will need mandatory disclosures
➡️ Crypto tax slashed from 55% → flat 20%
➡️ 3-year loss carryforward unlocked for traders
➡️ Unlicensed crypto sales penalty raised to 10 years prison
➡️ Banks may soon hold, custody & trade crypto
➡️ Opens the door for more spot crypto ETFs in Japan
BTC1,14%
ETH1,44%
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Takayuki
· 12h ago
Just charge it 👊
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Takayuki
· 12h ago
Just charge forward and finish it 👊
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