Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTDr. Guneet KaurThu, July 16, 2026 at 11:47 AM GMT+2 4 min readKey Takeaways Japan's Diet passed the FIEA amendment on July 15, treating crypto as financial assets on par with stocks and bonds.Companion tax reform would cut Japan's crypto tax rate from 55% to a flat 20.315%, effective January 2028.CryptoQuant and PlanB signal accumulation, but $150K Bitcoin and $10 XRP still depend on passage of the US CLARITY Act.Japan's National Diet passed a landmark amendment to the Financial Instruments and Exchange Act on July 15, reclassifying cryptocurrencies as financial assets and removing them from the Payment Services Act. The law imposes securities-grade insider-trading rules and disclosure obligations, raises the maximum prison sentence for unregistered exchange operations from 3 years to 10, and lays the legal foundation for spot crypto ETFs on the Tokyo Stock Exchange as early as 2027. Implementation is set within a year of passage.What Japan's Tax Change Actually DoesA companion tax proposal, slated to take effect in January 2028, would cut