Wu Shuo learned that Japan is promoting the transfer of cryptocurrency trading regulation from the "Fund Settlement Act" to the "Financial Instruments and Exchange Act" framework, reclassifying cryptocurrencies as financial instruments, the same as stocks and bonds. According to information from the Japanese Senate bill, the relevant amendment was passed by the House of Representatives Financial and Financial Committee on June 10, and still needs to complete subsequent parliamentary procedures. The plan is to change the cryptocurrency income tax from a maximum of 55% comprehensive tax to a 20% capital gains tax rate, and to reserve space for the establishment of cryptocurrency ETFs.