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Japan is set to overhaul its crypto tax regime, simplifying digital asset investing for traders. The Financial Services Agency (FSA) has proposed classifying crypto as financial products, aligning them with traditional assets like stocks and bonds.
- Japan’s FSA proposes classifying crypto assets as financial products, subjecting them to the same regulatory framework as stocks and bonds.
- The reform aligns with the 'New Capitalism' initiative, aiming to boost investment and solidify Japan’s position as a crypto hub.
- If passed, the changes could take effect by 2025, simplifying tax obligations for crypto investors.
📎 Related coverage from: cointelegraph.com
Other Tags: Digital Assets, Financial Services Agency