Startale CEO： Japan plans to classify cryptocurrencies as new assets rather than securities regulation

Odaily Planet Daily News: Sota Watanabe, CEO of Startale, revealed on X that the ruling party in Japan has proposed establishing a new cryptocurrency regulatory framework under the Financial Commodity Exchange Act. If the proposal is passed this year, cryptocurrencies may not be regulated as securities but will be seen as a new asset class, potentially leading to the launch of cryptocurrency ETFs and a reduction in tax rates from a maximum of 55% to 20%. The government has been in dialogue with Japanese industry leaders, which is seen as a positive result of regulatory and industry cooperation and is expected to attract more Japanese investors to enter the on chain market.