Japan Lower House Passes Bill to Bring Crypto Under FIEA, Opening Path to Spot ETFs

Japan’s lower house passed a bill that would move cryptocurrencies under the Financial Instruments and Exchange Act, creating a pathway for spot crypto ETFs and introducing a flat 20% capital-gains tax. According to NS3.AI, the reform is not yet law because the bill must still pass the upper house, where approval is widely expected. Representatives from the Tokyo Stock Exchange said crypto ETFs could begin listing as early as 2027 once the regulatory framework is finalized. The flat 20% capital-gains tax is expected to take effect in 2028 under Japan’s 2026 Tax Reform Outline.