Japan Crypto Revolution Inbound? Tokyo Pass New Law Equalising Crypto and Stocks
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Japan's Cabinet has approved a bill reclassifying crypto as a financial instrument, placing it on the same legal footing as stocks and bonds. The new law aims to expand the supply of growth capital while ensuring market fairness, transparency, and investor protection.
Japan's Cabinet approved a bill on April 10 reclassifying crypto as a financial instrument. The new law pulls digital assets out of the Payment Services Act framework and places them under the Financial Instruments and Exchange Act. Maximum prison sentences for unregistered sellers increase to 10 years, and fines rise to 10 million yen. Insider trading on undisclosed information is now banned. The law also allows Japanese venture capital firms to directly hold crypto assets, removing a barrier that had pushed startup funding offshore. A flat 20% capital gains tax rate is set to be introduced, and Bitcoin ETF approvals are targeted for 2028.
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