Japan Crypto Bill Advances With ETF, Tax Reform Path: Report

Crypto Insight Summary: Japan’s Lower House reportedly passed a bill that would bring crypto under the country’s financial instruments framework, potentially opening the door to ETFs and lower tax treatment. Japan’s Lower House reportedly passed a bill that would bring crypto assets under the country’s financial instruments framework, potentially opening a path to exchange-traded funds (ETFs) and lower tax treatment for digital assets. The bill would move crypto assets closer to the regulatory treatment of stocks and bonds by subjecting them to stricter trading rules, Bloomberg [reported](https://www.bloomberg.com/news/articles/2026-06-11/japan-moves-to-regulate-crypto-like-stocks-in-market-growth-push) on Thursday. The legislation is expected to take effect next year after going through the Upper House. The proposed changes could lower the capital gains tax on crypto assets like Bitcoin (BTC) and Ether (ETH) from a current maximum of 55% to a 20% flat rate, in line with stocks and bonds. The tax change is expected to take effect in 2028. Official [records](https://www.shugiin.go.jp/internet/itdb_gian.nsf/html/gian/keika/1DE278A.htm) showed the bill had cleared the Committee on Financial Affairs on June 10, although the bill-tracking page had not yet updated the plenary vote field at the time of writing. _Status of the bill on the House of Representatives website. Source: House of Representatives of Japan_ The latest parliamentary advance follows months of signals that Japan was preparing to shift crypto from a payment-focused regime into a financial-market framework. In November 2025, media outlet Asahi Shimbun [reported](https://www.asahi.com/articles/ASTCG3V2HTCGULFA02DM.html) that the Financial Services Agency (FSA) had decided to apply the Financial Instruments and Exchange Act to crypto, including Bitcoin (BTC), Ether (ETH) and other tokens handled by local exchanges. Crypto Insight Analysis: Direction: Bullish BTC / Bullish ETH Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Japan's crypto ETF and tax reforms signal institutional adoption, boosting market sentiment for BTC and ETH.