Market News: Japan's cryptocurrency reform bill will be submitted to the Diet after cabinet approval

PA一线
PA一线

PANews reported on March 10 that according to the Jinshi Market News, Japan's cryptocurrency reform bill will be submitted to Congress after approval by the cabinet.

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Japan's Financial Services Agency (FSA) plans to increase the maximum penalty for unlicensed cryptocurrency sales to 10 years.
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Japanese financial regulators are soliciting public opinions on the regulation of digital payments and cryptocurrencies.
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Japan has adopted the OECD's cryptocurrency reporting framework since January 1, 2026.
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PA一线

Sources indicate that Japan's cryptocurrency tax reform may not be officially implemented until January 2028.
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Japan will require cryptocurrency exchanges to hold liability reserves or purchase insurance.
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The Japanese government is working on adjusting the separate 20% tax rate levied on profits from cryptocurrency transactions.

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