Startale CEO： Japan's ruling party proposes new cryptocurrency regulatory framework

On March 6th, Startale CEO Sota Watanabe revealed on social media: "Today is an important day for Japan. The ruling party has proposed a new framework to regulate cryptocurrencies under the Financial Commodity Exchange Act. If approved this year, the reduction of cryptocurrency ETFs and taxes from a maximum of 55% to 20% is likely to be achieved. I am 100% confident that more Japanese people will enter the on chain world Watanabe further explained, "In Japan, cryptocurrencies are likely to be regulated not as securities, but as a new asset class under the new framework of the Financial Commodity Exchange Act. If passed, it would be a victory for the industry. The government has been in dialogue with Japanese industry leaders, which is a good result of cooperation