Japan Mulls Cryptocurrency ETF Introduction Next Year, Russia Pursues Taxation

Japan is considering the introduction of cryptocurrency asset ETFs next year. This is analyzed as a factor that is expected to boost institutional fund inflows.

Globally, there is active movement in various countries to establish digital asset systems, with Russia pursuing personal income tax on cryptocurrency transactions. Russia's push for taxation and warnings from the U.S. Office of Foreign Assets Control (OFAC) regarding sanction risks are interpreted as factors that increase market regulation burdens.

The expansion of Central Bank Digital Currency (CBDC) development in over 130 countries also demonstrates the trend of nations solidifying their digital asset systems, signaling an acceleration of the digital transformation of the global financial system.