Japan's Lower House Passes Crypto Bill That Could Enable ETFs and Lower Tax Rates
By
@cointelegraph
Summary
Japan's Lower House has passed a bill that would classify crypto assets under the country's financial instruments framework, similar to stocks and bonds. This regulatory shift could pave the way for crypto ETFs and lower capital gains taxes on digital assets like Bitcoin and Ether to around 20%. The legislation is expected to take effect next year after Upper House approval.
Source
bskyJapan's Lower House Passes Crypto Bill That Could Enable ETFs and Lower Tax Ratescointelegraph.comKey quotes
· 3 pulledJapan's Lower House reportedly passed a bill that would bring crypto assets under the country's financial instruments framework
The bill would move crypto assets closer to the regulatory treatment of stocks and bonds by subjecting them to stricter trading rules
The proposed changes could lower the capital gains tax on crypto assets like Bitcoin (BTC) and Ether (ETH)
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