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Japan plans to regulate cryptocurrencies as stocks

Japan plans to regulate cryptocurrencies as stocks

The Japanese parliament is preparing to ratify a new law that integrates cryptocurrencies into the regulatory framework for financial assets, aiming to make them more accessible and provide a unified legal cover. Classifying them as financial instruments helps reduce taxes and enforce stricter trading regulations, while also paving the way for the launch of investment products such as exchange-traded funds (ETFs). The law is expected to come into effect next year after approval by the Senate, in response to the rising interest of institutions and individual investors in digital currencies in Japan.

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