Holy crap, Japan is getting ready to lift the ban on cryptocurrency (virtual currency) ETFs! This marks the most hardcore and substantial loosening of the years-long regulatory deadlock on Crypto in Japan. Previously, Japanese retail investors trading crypto had to pay up to 55% in 'miscellaneous income tax'—basically hell mode. Once ETFs are approved, the tax rate will directly switch to around 20% as securities capital gains tax, and costs will plummet instantly. Traditional financial giants like Nomura and Daiwa can use compliant channels to directly allocate BTC/ETH. Trillions of yen assets that were just sitting idle in traditional banks now have an official, automated pipeline into the crypto space.