News and analysis on encrypted currencies, Blockchain and decentralized financing

Japan It looks determined to cut Encryption. This has been revealed before Nikki with article Today it was published on its official website.

However, this is not the only new development coming to Japan with regard to encrypted currencies.

Reducing tax taxes in Japan

At the present time, a political decision has not yet been taken and approved, but only the intention of the Financial Services Agency (FSAFrom Japan, the Japanese government agency that oversees the financial markets.

The agency would like a treatment Criptovalute As financial products similar to securities, and therefore can reduce the current tax rate From 55 % to 20 %.

However, there are two unknown.

The first is that such an intention by FSA does not necessarily mean that the country’s government agrees. FSA cannot change laws, consider Criptovalute Because securities -like financial products will require through Parliament.

The second, even more unknown is that it was not carefully mentioned that if the encryption in Japan is announced as financial products similar to securities, then, then. Taxes should decrease from 55 % to 20 %.

However, this seems to be at least unknown than unknown, because if the encryption is already equal to other financial products, the financial products law should be applied to them.

As for the first unknown, it is not known today what are the real possibilities that the Japanese government and parliament shares in an idea FSA.

Bitcoin spot etf

The second innovation revealed by Nikki is that FSA seems determined to agree Investment funds circulated on Bitcoin Spot in Japan.

In fact, there is currently in the country a ban on Bitcoin’s investment funds, which FSA would like to cancel.

However, it must be said that it is expected that the system of system that currently regulates cryptocurrencies in Japan will be announced only in June, so these are not imminent changes.

Even potential approval of the Bitcoin ETF will be the result of the decision to review the treatment of virtual assets to consider them as financial products equivalent to securities.

However, at the present time, FSA is located only in the stage of discussing these ideas, and it seems that they are consulting with industry experts through special studies.

The hypothesis in which they think is that the current regulations on virtual assets are no longer sufficient, and thus you need to adjust them.

Time of tax reform for encryption in Japan

As we mentioned earlier, FSA publicly is not expected to announce its hypothesis to fix the encryption regulations before June.

In fact, the timing of its entry into force appears longer.

First of all, FSA will have to consult with the Financial Council, and this will not meet until after autumn.

After that, an amendment to the current law must be submitted to Parliament, and the hypothesis is that this proposal can be made officially during a regular session of the national diet in 2026.

On the other hand, not only the current stage is still just a study phase, but even the news is still just a rumor of Nikki, without any official confirmation.

Japan and encryption

Japan was absolutely one of the first countries in the world to accept the presence and distribution of bitcoin.

Perhaps it is not by chance that the Creator of Bitcoin, Satoshi NakamotoHe chose a Japanese pseudonym to present himself to the world.

Even the first major encryption exchange in the world, Mount GoxHe was Japanese, although his CEO was French. After that, Jooks went bankrupt in 2014 after being stolen, and since then Japan has been increasingly replaced with other countries as a major coding home.

After what is happening in the United States of America, with the current president who is a well -known supporter of Crypto, other countries will also have to adapt if they do not want to get rid of this sector.

Therefore, even Japan, which were not against cryptocurrencies, but for years, no longer axis of the encryption sector, it cannot fail to knee, for example, a tax on encrypted capital gains by 55 %, while that is on other financial assets In 20 %.

In light of all this, it is clear why FSA decided to take a step forward and remove those obstacles that prevent the country from being an ox in the encryption sector.