According to CoinPost, the Japanese Financial Services Agency released a document on June 24th, proposing to include encrypted assets in the regulatory framework of the Financial Commodity Exchange Act. The relevant issues will be submitted to the Financial Review Committee for review on June 25th. If the reform is promoted, Bitcoin ETFs will be allowed to land in Japan and will be subject to a separate declaration tax system of about 20%, replacing the current comprehensive tax of up to 55%.