Japan to Allow Crypto ETFs by 2028 as Asia Competition Heats Up
Japan is set to legalize cryptocurrency exchange-traded funds (ETFs) by 2028, marking a major shift in Asia’s second-largest economy toward mainstream crypto adoption, according to a Nikkei report.
With a proposed tax cut from 55% to 20% and major asset managers preparing products, Japan is positioning itself as a late but potentially significant entrant in Asia’s fragmented crypto ETF landscape.
The FSA plans to amend the Investment Trust Act’s enforcement order by 2028. Cryptocurrencies would be added to the list of eligible “specified assets” for investment trusts. After Tokyo Stock Exchange approval, investors could trade crypto ETFs through standard brokerage accounts. The structure would mirror existing gold and real…
