According to external sources, Japan is continuing to pursue reforms in the regulation of encrypted assets in the direction of more explicit integration of encrypted assets into financial product systems. According to the article, this change has not only affected the rules and taxes of transactions, but may also pave the way for new products such as encryption ETF.
The focus of regulation shifted to financial law
Last month the House of Representatives of Japan passed a bill to shift the focus of encryption regulation from the Payments Services Act to the Financial Commodity Transactions Act. According to the text, the new regulations are expected to enter into force next year. At that time, encrypted assets will be treated as regulated financial instruments, applying lower tax rates and facing more stringent trading norms.
It was mentioned that the focus of the round was not deregulation but the further integration of the encrypted market into the mainstream financial system. The local market in Japan is expected to introduce more standardized investment products, including encrypted ETFs, if the relevant systems land.
Japan Research Encryption ETF Framework
It is also mentioned that the Government of Japan has released a signal in support of encrypted ETF. The Minister of Finance of Japan, Kazuoyama, indicated that the Government was studying the legal framework that allowed such products to enter the domestic market. While the specific timetable has not yet been disclosed, the policy direction has become clearer.
SHIB has entered the compliance platform system
According to the article, Shiba Inu may be one of the beneficiary coins if the Japanese market continues to expand its access to compliance transactions and investments. The reason is that SHIB has entered the Green List of the Japan Association of Encrypted Asset Exchanges (JVCEA). Once on the list, the process of putting the relevant currency on a regulated platform is usually smoother.
JVCEA included SHIB on the Green List last November. For the Japanese market, this means that SHIB has an institutional basis for the availability of compliance platforms, not just at the level of a single exchange.
Mercoin and Lotte have already provided access.
In addition to the list factor, SHIB has now reached users through several local platforms in Japan. The article mentions that Mercari subsidiary Mercoin of the Tokyo Electrician Platform Mercari has provided SHIB-related services and expanded its coverage among retail users in Japan.
In April of this year, Rakuten Wallet, an encrypted trading platform under the banner of Lotte Group, also came online as SHIB. According to the article, with its access to the wider local payment and consumer ecology, SHIB ' s use in Japan has expanded and its reach expanded.