system

The Financial Services Agency of Japan plans to classify crypto assets as financial products similar to securities and will announce a system reform policy in June this year

ChainCatcher news, according to Nikkei, the Financial Services Agency of Japan has begun to consider positioning crypto assets as financial products similar to securities, with the aim of requiring companies to disclose more detailed information to protect investors. Currently, the agency is holding closed-door study meetings with experts to review whether the current regulation of virtual currencies is sufficient.It is reported that the Financial Services Agency of Japan has begun to design a system, which will announce the system reform policy in June this year, and after discussions at the Financial System Council this autumn, will amend the law at the regular Diet session in 2026. The new system also aims to lift the ban on "Bitcoin spot ETFs" and may reduce the current tax rate of up to 55% to 20%, the same as the financial income tax rate, in order to both protect investors and revitalize the market. An important question raised for the future is whether the target is all crypto assets or only those that have been approved as ETFs in the United States, such as Bitcoin and Ethereum.Bloomberg recently reported that "the expert study group established by the Financial Services Agency of Japan generally agrees that cryptocurrencies are beginning to be positioned as investment targets," which seems to be a response to the U.S. SEC's approval of Bitcoin spot ETFs and Ethereum spot ETFs, as well as the Trump administration's support for the crypto industry.

Bloomberg: Trump's tariff policy is definitely not beneficial for the cryptocurrency market, and the U.S. system lacks effective oversight of the president

ChainCatcher news, Bloomberg has questioned a series of actions taken by Trump in the cryptocurrency space since he took office, stating that President Trump and his entourage seem eager to establish their crypto empire. The family not only hopes to pave the way for the U.S. to support cryptocurrencies through more favorable regulations but also aims to secure a place in the positive outcomes.Based on the current (volatile) spot prices, the TRUMP holdings of entities related to Trump have an estimated book value of about $14.9 billion, with risks that are equally incredible. As token buyers and industry insiders see their opportunity to please Trump, the likelihood of quid pro quo and corruption will certainly increase. Additionally, moral hazard is also present.When Eric Trump tweeted a friendly suggestion that Ethereum is worth buying, he was by no means a neutral observer—when he removed the phrase "you can thank me later" from his post on X, he seemed to realize this. Meanwhile, the company has transferred most of its reserves to Coinbase Global Inc., and although it denied any plans to sell, it is difficult to assess what specific insider information might be involved. Trump's tariff policies are certainly not favorable to the crypto market, and the impact of Eric Trump's endorsements is similarly limited.Bloomberg believes that without effective enforcement and strengthening of regulations, oversight of the president's actions will become ineffective, and currently, Trump seems unencumbered by any constraints.
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