Overview
- Katayama pledged full government support for exchange-traded crypto products and cited the U.S. ETF model as a guide.
- A flat 20% tax on crypto profits will take effect in 2026, replacing rates that reached about 55%.
- Regulators reclassified 105 cryptocurrencies, including Bitcoin and Ethereum, as financial products under the Financial Instruments and Exchange Act.
- Exchanges and issuers seeking to list crypto products must meet stricter requirements covering custody, volatility controls, risk management, and market surveillance.
- Authorities have not announced launch dates or specific assets for potential ETFs, while investors will be able to carry forward crypto trading losses for up to three years.