The Japanese government is backing a legislative plan to cap the tax on cryptocurrency profits at 20%, finally moving digital assets out of the “miscellaneous income” category.
Japan is positioning itself as a leader in cryptocurrency regulation with a plan to mandate that all local exchanges hold capital reserves to protect investors.
Cryptocurrencies in Japan are poised to shed their “miscellaneous” status for a place alongside traditional securities.
JPX is preparing to explicitly block listed companies from transforming into de facto crypto funds.
The Financial Services Agency (FSA) is considering a new licensing system that would require these service providers to register with authorities, creating a more resilient and secure financial infrastructure.
In a powerful show of unity, Japan’s three banking giants—Mizuho, MUFG, and SMBC—are collaborating on a shared stablecoin project with the full support of the national financial regulator.
JPYC Inc. has launched Japan’s first legally recognized yen-pegged stablecoin, JPYC, beginning trading on Monday.
