Oh wow, Japan is preparing to lift the ban on crypto (virtual currency) ETFs!

This is the most hardcore, substantive easing for Japan’s long-standing regulatory deadlock against Crypto.
Previously, Japanese retail investors trading crypto had to pay a “miscellaneous income tax” of up to 55%—it was basically hell-level difficulty.
Once ETFs are approved, the tax rate is directly swapped to a securities capital gains tax of around 20%, and costs instantly plummet.
Traditional financial giants like Nomura and Daiwa will be able to allocate to BTC / ETH through compliant channels directly. The trillion-yen級 assets that were previously just gathering dust in traditional banks now have an official automated inflow pipeline into the crypto space.