Japan to approve spot crypto ETFs and cut taxes by 2028
4.6 Regulation Japan will approve spot crypto ETFs by 2028, enabling regulated access to digital assets. Planned reforms will also cut crypto tax rates and support major institutions in launching ETF products.
Japan is set to approve spot cryptocurrency exchange-traded funds (ETFs) by 2028, signaling a major regulatory shift in its digital asset policy. The Financial Services Agency (FSA) plans to amend the Investment Trust Act, classifying cryptocurrencies as “specified assets” and making them eligible for investment through trust structures. This change will allow both institutional and retail investors to access Bitcoin and other digital assets via regulated ETFs listed on traditional exchanges. Leading financial institutions like Nomura and SBI are already developing ETF products in anticipation of these reforms. Additionally, the FSA aims to submit legislation to reduce the maximum tax rate on crypto gains from 55% to 20%, aligning it with stock gains. These initiatives reflect Japan’s strategy to modernize its financial system, meet investor demand, and establish itself as a regulated hub for cryptocurrency investment while ensuring investor protection and transparency.
