Svmuu News: Japanese regulators are moving forward with adjustments to the legal framework for digital asset investments. Spot Bitcoin ETFs could be approved for listing as early as 2028, though the timeline remains contingent on progress in regulation, product reviews, and tax reform.
On July 15, the Japanese Diet approved the transfer of Bitcoin and approximately 105 other crypto assets from the framework of the Payment Services Act to the Financial Instruments and Exchange Act, removing a major legal obstacle to the listing of related funds on the Tokyo Stock Exchange.
Major Japanese financial groups such as SBI Holdings and Nomura are preparing digital asset products. Japan also plans to adjust the tax treatment of crypto assets from a miscellaneous income tax rate of up to 55% to a separate filing system with a rate of approximately 20.315%.