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Japan, South Korea Markets Tumble as Tokyo Passes Landmark Crypto Law

Japan, South Korea Markets Tumble as Tokyo Passes Landmark Crypto Law

Japan's new crypto framework

The law change is a big deal. Crypto in Japan will now be treated like securities, meaning exchanges must follow stricter disclosure rules. Insider trading is explicitly banned. And from January 2028, a flat 20% tax kicks in, replacing the current variable income tax that could hit 55%. The amendments also make domestic spot crypto ETFs legally possible — though approval isn't guaranteed. Exchanges are eyeing first listings around 2027.

That timeline matters because household savings in Japan are approaching $13 trillion. Some of that money could flow into crypto if the regulatory environment stays friendly. But the immediate market reaction was brutal: Tokyo Electron, Advantest, and SoftBank Group all posted steep losses.

" Translation: "

Noul cadru cripto al Japoniei

Modificarea legii este un lucru important. Criptomonedele din Japonia vor fi tratate acum ca valori mobiliare,