TLDR
- Japan’s FSA adds SHIB to Green List with 105 approved crypto assets.
- SHIB is now in the same regulatory group as Bitcoin and Ethereum.
- Japan considers a crypto tax cut from 55% to a flat 20% by 2026.
- SHIB met exchange listing criteria and is listed on eight licensed platforms.
Shiba Inu has gained regulatory approval in Japan. The country’s Financial Services Agency (FSA) has added the token to its Green List, a group of pre-approved digital assets. This move positions Shiba Inu alongside Bitcoin and Ethereum in one of Asia’s most tightly regulated crypto markets.
The approval comes at a time when Japan is reviewing its tax laws. The government is considering reducing the crypto capital gains tax from as high as 55% to a flat 20%. This change is expected to take effect by 2026 and could encourage more participation from retail and institutional investors.
Shiba Inu Meets Exchange Criteria for Green List Inclusion
The FSA requires that a crypto asset be listed on at least three licensed Japanese exchanges to qualify for the Green List. Shiba Inu exceeded this requirement, as it is currently listed on eight licensed exchanges operating in Japan.
Japan created the Green List in 2022. The aim was to streamline the process of listing trusted digital assets and to help exchanges avoid repeated approvals for the same tokens. This simplifies trading operations and builds trust among investors.
With its new status, Shiba Inu joins a select group of 105 approved digital assets. These tokens have all passed due diligence checks by the Digital Asset Exchange Association, a self-regulatory body recognized by the FSA.
Tax Reform Could Boost Crypto Adoption in Japan
The listing of SHIB comes at a time when Japan is preparing a major tax reform for crypto assets. Currently, gains from digital assets are treated as miscellaneous income and are taxed at rates as high as 55%. The planned change will introduce a flat 20% tax rate on profits from approved digital assets.
Finance Minister Katsunobu Kato confirmed that the policy framework is almost ready. If passed, the reform is expected to take effect by 2026. This move will align Japan with other major economies, such as Germany, which does not tax long-term crypto holdings.
The reform is part of a wider economic plan. The Japanese government recently unveiled a $113 billion stimulus package to reduce living costs and encourage investment in key industries, including digital finance.
Shiba Inu Eyes Further Expansion in Asia
Following Japan’s regulatory approval, Shiba Inu’s team has shared plans to expand into other Asian markets. These include South Korea and China, where regulatory developments are also evolving.
A representative from the Shiba Inu project stated, “This listing marks a strong step for SHIB in Asia, and more regional markets are being explored.” The team is likely to use Japan’s approval as a benchmark in gaining trust from other regulators in the region.
As SHIB now stands beside Bitcoin and Ethereum in regulatory terms, the meme token gains recognition as a viable digital asset for trading, investment, and broader adoption in traditional finance systems.
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