Japan is set to review its rules for the crypto sector as the Financial Services Agency assesses the effectiveness of regulating it under the payments act, exploring necessary adjustments.
The regulator will evaluate if current crypto regulations adequately protect investors, which may lead to reclassifying crypto under investment laws, potentially resulting in lower taxes.
Globally, nations are clarifying their crypto regulations, with the U.K. regulating crypto activities, Europe creating tailored crypto rules, and South Africa opening licensing up.
This assessment could also open the door for domestic funds to invest in digital asset tokens, signaling a move towards a more structured crypto investment landscape.
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