Japan Approves Crypto Bill, Slashing Digital Asset Taxes

Japan's parliament has approved a key crypto bill that aims to regulate digital assets under the same rules as stocks and bonds.

The legislation, which is set to take effect next year after Upper House approval, seeks to classify cryptocurrencies similarly to traditional financial assets.

The bill also introduces a significant tax cut for digital assets, reducing the rate from 55% to 20%, although this may not come into force until 2028.

Regulatory clarity is expected to attract more investors and institutions to the crypto market, while tighter registration guidelines will prioritize customer protection.