[2028 Could Be the Earliest Window for Japan's First Spot Bitcoin ETF Listing] Odaily Planet Daily reports that Japanese regulators are advancing adjustments to the legal framework for digital asset investments, with the earliest possible approval for a spot Bitcoin ETF listing in 2028. However, the timeline remains dependent on regulatory progress, product reviews, and tax reform developments. On July 15, Japan's National Diet approved the transfer of Bitcoin and approximately 105 other crypto assets from the framework of the Payment Services Act to the Financial Instruments and Exchange Act, removing a major legal obstacle for related funds to list on the Tokyo Stock Exchange. Major Japanese financial groups such as SBI Holdings and Nomura are preparing digital asset products. Japan also plans to adjust the crypto asset tax system from a miscellaneous income tax rate of up to 55% to a separate declaration tax rate of approximately 20.315%.