Japan’s Financial Services Agency (FSA) has announced that it will implement major reforms to the cryptocurrency sector by 2026. The two main changes are:

1. The tax on cryptocurrencies will be reduced to a flat rate of 20% (similar to stocks and bonds), down from 55% today.

2. The legal path will be opened for the launch of #Bitcoin ETFs.

These reforms mean that #Bitcoin will be increasingly accepted as a legitimate asset and a means of financial freedom in the formal structure of the economy. Retail investors and large institutions in Japan will now be able to access #Bitcoin on more transparent and fair terms.