Yes, this is bullish for crypto. Japan's cabinet just reclassified crypto as a financial instrument under the Financial Instruments and Exchange Act—shifting it from a simple payment tool to regulated assets like stocks.
It adds investor protections, bans insider trading, requires disclosures, and sets up a 20% flat tax on gains (from up to 55%). Japan is a top crypto market; this legitimizes it further, likely drawing institutions and lifting sentiment. Bill still needs Diet approval in Q2, but the signal is strong for adoption and prices.
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