Japan Sets June 1 Stablecoin Rule as Lawmakers Weigh 20% Crypto Tax and ETF Path

Japan plans a broad crypto policy overhaul, including a June 1 framework that permits foreign trust-type stablecoins to operate as regulated electronic payment instruments. Policymakers are also discussing replacing the current top 55% treatment of many crypto gains with a flat 20% rate, a shift that would likely require reclassifying major tokens under the FIEA and could enable spot and derivatives ETFs run by licensed operators.