Odaily News The Japanese Financial Services Agency has begun considering positioning crypto assets (virtual currencies) as financial products similar to securities, with the goal 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 Financial Services Agency of Japan has begun designing a system and will announce the system reform policy in June this year, and will amend the law at 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 actions to support the crypto industry.
The new system also aims to lift the ban on "Bitcoin spot ETFs" and may reduce the current tax rate of up to 55% to 20%, the same as the financial income tax rate, in order to protect investors and revitalize the market. An important question raised in the future is whether the target is all crypto assets, or only those that have been approved as ETFs in the United States, such as Bitcoin and Ethereum. (Nikkei News)