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BTCUSD and ETHUSD Soar as Japan Passes Historic Crypto Regulatory Reform

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The Story

News Summary

  • Japan's lower house passed a bill classifying crypto as financial instruments, matching stock regulations.
  • Key highlights include a future reduction of capital gains tax to 20%, the introduction of domestic crypto ETFs, and stricter enforcement against insider trading, aimed at fostering long-term institutional growth despite high compliance costs for exchanges.
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BTCUSD price history

77305.61 +17.34% over the displayed period

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