"Japan Exchange Group is laying the groundwork to bring crypto exchange-traded funds (ETFs) to market, with a potential launch as early as 2027. This plan marks a notable shift for one of Asia's most established financial hubs as it moves closer to incorporating digital assets into regulated investment products."
"Regulators are considering treating digital assets as financial instruments under the Financial Instruments and Exchange Act, rather than as payment tools. Such a change would provide the legal foundation required for exchange-traded funds tied to cryptocurrencies."
"Market participants have pushed for clearer and more competitive rules, including aligning crypto taxation with that of traditional securities. Industry advocates argue that without such changes, institutional investors may remain cautious."
Japan Exchange Group is preparing to introduce cryptocurrency ETFs as early as 2027, contingent on regulatory and tax reforms. This initiative reflects Japan's movement towards integrating digital assets into its financial system. The exchange's CEO noted that the technical infrastructure is largely ready, but legal and tax frameworks need finalization. A proposed reclassification of cryptocurrencies under the Financial Instruments and Exchange Act is crucial for this development. Clearer tax policies are also necessary to encourage institutional investment in crypto assets.
Read at news.bitcoin.com
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