Japan delays its new crypto tax cut: Policy lag stalls retail capital
Legislative Stagnation: The heavy price of patience. The Institutional Land Grab Hidden Inside Japan's Delayed Crypto Tax Reform Japan's celebrated tax cut is a gilded cage designed to institutionalize retail liquidity. Capital Lockdown: Regulatory chains on local growth. The passage of Cabinet Bill 57 on July 15, 2026, supposedly paves the way for a flat 20% tax rate. However, the regulatory timeline reveals a structural lag that stalls retail capital until 2028 while giving traditional finance an open runway. On July 15, 2026, Japan's House of Councilors approved Cabinet Bill 57, shifting crypto regulation from the Payment Services Act to the Financial Instruments and Exchange Act (FIEA). While the 20% flat tax rate (15% national, 5% local) was passed under Law No. 12 on March 31, its enforcement ...