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Japan just cut the legal path to crypto taxes from 55% down to 20%.
Japan's parliament passed a law reclassifying crypto as a financial product instead of a payment method, opening the door to domestic Bitcoin ETFs and a flat 20% tax rate.
The same bill also raises the maximum prison sentence for running an unregistered crypto business from three years to ten.
One regulator still has to decide when any of this actually takes effect.
Read the full story on UseTheBitcoin: