Woofun AI reports that the Japanese Senate has passed the revised "Financial Instruments and Exchange Act," formally integrating crypto assets into financial product regulation. The legislation introduces insider trading oversight and raises maximum penalties for unlicensed operators to 10 years in prison or 10 million yen fines, with implementation expected by July 2027.

The new rules reduce the crypto profit tax rate from 55% to 20%, aligning it with stock taxation, effective January 2028.

Additionally, the ban on crypto asset ETFs is lifted during the same period, prompting securities institutions to prepare for market entry.