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Japan's upper house passed a bill on the 15th moving digital assets from the Payment Services Act into the Financial Instruments and Exchange Act (FIEA), treating them as a distinct financial product with disclosure and insider-trading rules. The shift clears the legal path for a 20% separate capital gains tax—down from progressive rates up to 55%—and for spot Bitcoin ETFs, a structural unlock for Japanese retail and institutional flows into BTC and ETH. Watch the implementation timeline and FSA rulemaking on ETF approval, which will determine when actual inflows materialize.
As a Policy signal, watch whether it changes price action, volatility, or flows around BTC, ETH, JPY=X.
Original Source: 블록미디어
This page is market information analysis, not investment advice.
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