Crypto Comeback in Asia: Why Japan & Korea Could Fuel the Next Bull Run

"in March the Japanese financial  conglomerate SBI a former subsidiary of SoftBank  received the country's first registration related  to stablecoin transactions enabling it to process  transactions in circles USDC"

"this made USDC the  first and only stable coin to be approved for  use in Japanese markets usdc was listed on the  SBIVC trade exchange on the 26th of March this  year"

"thailand for example just approved the  use of USDT and USDC for listing on local crypto  exchanges"

"the U-turn in US crypto policy has flipped the  script the SEC's war on crypto failed miserably  "

"more than 80% of US institutional investors say  they plan to increase their allocations to crypto  this year"

"these  investors view regulatory clarity as the number  one catalyst for industry growth during the second  Trump administration"

"japan's  ruling Liberal Democratic Party has signaled that  it will move ahead with a major crypto tax reform  proposal... This proposal  would slash the tax on crypto gains to 20% make  losses taxdeductible and reclassify crypto as a  distinct asset class subject to Japan's Financial  Instruments and Exchange Act"

"back in December of 2021 the CEO  of Japan's Bitcoin exchange told CoinDesk that if  the authorities were to reduce the tax on crypto  gains to 20% then some 10 to 20 trillion yen would  return to Japan's crypto markets on the higher end  that's 130 billion US"

"according to NIC's report this  bill will be submitted to the Parliament as early  as 2026 and will place crypto under the regulatory  authority of the FSA although no source for this  claim was given this would reclassify digital as  a distinct asset class and mean the tax on gains  being slashed from 55% to 20%"

"the letter proposes a  US Japan joint working group of the SEC's crypto  task force and quote relevant Japanese authorities  such as Japan's Financial Services Agency Ministry  of Economy Trade and Industry and the Bank of  Japan"

"starting from the second half of this year  buying will be allowed and participation extended  to institutional and professional investors"

"in Australia meanwhile upcoming federal  elections in May could bring a yearslong effort  to introduce a regulatory framework for crypto to  fruition both the ruling party and the opposition  coalition are competing to win over crypto voters  with promises to prioritize regulation if they  win the election"

"the securities regulator  has finalized rules for virtual asset service  providers these include mandatory separation of  company and client funds annual audits obligations  around cyber security and risk disclosures"

"regulations around the world are  finally moving in the right direction and this  is providing the foundation that crypto founders  developers and investors need to cook in peace  this is a structural change though whose effects  will be felt over years not over the 15-minute  time frame on Trading View"

"in the long run regulatory clarity  should allow the industry to flourish and prices  will catch up sooner or later"