The lower house of Japan's parliament has approved a bill that shifts the regulation of crypto assets from the Payment Services Act to the Financial Instruments and Exchange Act. This legislation introduces stricter trading rules for the market, including a ban on insider trading.
Once it passes the upper house, the law is expected to take effect in 2027. The changes could also pave the way for a reduction in the income tax on crypto asset transactions to 20% and the launch of ETFs.