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💥🇯🇵 JAPAN IS ONE VOTE AWAY FROM LEGAL BITCOIN ETFs.
JAPAN The world's 4th largest economy's Upper House committee just approved reclassifying crypto as a financial instrument, in the same category as stocks and bonds.
Already passed the Lower House. Full chamber vote next, expected as a formality given the ruling party controls both houses.
Top tax rate on crypto gains: dropping from 55% to a flat 20%. Matching stock market rates.
Meanwhile, India's central bank just told Parliament it doesn't even recommend giving crypto legal status.
Two of Asia's biggest economies are moving in acompletely opposite directions. Capital notices things like that.