JAPANESE SENATE COMMITTEE APPROVES BITCOIN AND ENCRYPTED CURRENCY ETF AND ADJUSTS TAX RATES

THE FINANCIAL SERVICES AND SECURITIES COMMISSION OF THE SENATE OF JAPAN ADOPTED THE REVISED FINANCIAL INSTRUMENTS AND TRANSACTIONS ACT, APPROVED BITCOIN AND THE ENCRYPTED CURRENCY ETF AND ADJUSTED THE TAX RATE FOR ENCRYPTED ASSETS TO 20 PER CENT, TO REPLACE THE MAXIMUM 55 PER CENT。