Policy
Japan Crypto News: Parliament Reclassifies Bitcoin, XRP, & Ethereum as Financial Products
Coinpedia·July 15, 2026·1 min read
Japan's House of Councillors passed an amendment to the Financial Instruments and Exchange Act, officially recognizing cryptocurrencies as financial products rather than payment tools. The country plans to cut crypto taxes from 55% to 20% and open the door to Bitcoin ETFs. The move reclassifies Bitcoin, XRP, and Ethereum under financial product rules.
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