Japan's FSA Considers Cryptocurrencies as Investment Assets

IconCryptoNewsTerminal Staff30 Aug, 2024

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Japan's FSA Considers Cryptocurrencies as Investment Assets

Reported by Coinpost, Japan's Financial Services Agency (FSA) has proposed a review of whether cryptocurrencies can be recognized as investment financial assets as part of its tax revision proposals for next year. Industry experts believe that the FSA's stance could have an impact on the potential approval of cryptocurrency ETF trading in Japan. Previously, FSA Commissioner Hideki Ito highlighted the need for thorough examination before approving spot cryptocurrency ETFs.