JAPAN PROPOSES RECLASSIFYING CRYPTO, PAVING WAY FOR ETFS AND LOWER TAXES

Summary from the TLDR Crypto newsletter

Japan's FSA has proposed reclassifying cryptocurrencies as financial products under the FIEA, paving the way for crypto ETFs and a flat 20% capital gains tax. The move would shift crypto out of a progressive tax regime that reaches up to 55%, aligning it with equities and boosting appeal for both retail and institutional investors. With over 12 million active crypto accounts and initiatives like SMBC and Ava Labs exploring stablecoins, Japan is positioning itself as a global crypto hub under its “New Capitalism” strategy.