Japan plans to introduce crypto ETFs and a 20% tax on digital asset income
From Cointelegraph
June 24, 2025 07:54 am:
Japan’s Financial Services Agency (FSA) proposed a reclassification of cryptocurrencies to allow for the launch of crypto ETFs and introduce a 20% tax on digital asset income. The move aims to position Japan as an investment-led economy under the “New Capitalism” strategy. This shift could make crypto investing more appealing to retail and institutional players.
The FSA reported over 12 million active crypto accounts in Japan, with assets exceeding 5 trillion Japanese yen. Crypto ownership now surpasses participation in traditional financial products like FX and corporate bonds, especially among tech-savvy retail investors. The proposal also responds to the global surge in institutional engagement, with over 1,200 financial institutions holding US-listed spot Bitcoin ETFs.
Sumitomo Mitsui Financial Group (SMBC), TIS Inc., Ava Labs, and Fireblocks signed an MOU to explore stablecoins in Japan, focusing on pegged stablecoins to the US dollar and Japanese yen. They plan to investigate using stablecoins for settling tokenized real-world assets like stocks, bonds, and real estate. Japan’s first license for dealing with stablecoins was issued in March to SBI VC Trade, a subsidiary of SBI, in preparation to support Circle’s USDC.
Read more at Cointelegraph: Japan Eyes Crypto ETFs, 20% Tax in Regulatory Overhaul