[Amendment to Japan's Financial Instruments and Exchange Act Passed by Senate, Crypto Assets Officially Included in Financial Product Regulation] Deep Tide TechFlow reports that on July 15, according to CoinPost, Japan's 'Partial Amendment to the Financial Instruments and Exchange Act and the Payment Services Act' was passed in the Senate plenary session on July 15 and officially enacted. The amendment defines crypto assets as financial products for the first time, with key provisions including: Tax Reform: Changing from a maximum 55% comprehensive taxation to separate declaration taxation (tax rate approximately 20%), and allowing loss carryforward deductions for up to 3 years. ETF Deregulation: Establishing a framework for crypto asset ETFs, with Japan Exchange Group expected to list them around 2027. Investor Protection: Introducing insider trading regulations for the first time, strengthening the prohibition of trading based on non-public information; the maximum criminal penalty for unregistered sales increased from 3 years imprisonment to 10 years. Information Disclosure: Specific crypto asset issuers are required to disclose information annually on a regular basis. The tax reform is conditional on the enactment of the law, and if implemented in fiscal year 2027, the new tax system will officially apply starting January 1, 2028.