🇯🇵 Japan's New Crypto Law Is Here: Insider Trading Banned, Banks May Soon Hold Bitcoin & Tax Slashed to 20%
Japan's Financial Services Agency (FSA) has submitted a landmark bill to parliament that will officially classify crypto as financial instruments under the Financial Instruments and Exchange Act (FIEA).
What's changing:
➡️ Insider trading banned, same rules as stocks now apply to crypto
➡️ 105 approved tokens (including
$BTC & $ETH) will need mandatory disclosures
➡️ Crypto tax slashed from 55% → flat 20%
➡️ 3-year loss carryforward unlocked for traders
➡️ Unlicensed crypto sales pena