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Japan Changes Rules for Cryptocurrencies: Spot ETFs Are Closer
Japan has officially equated crypto assets with financial instruments, and now spot ETFs for digital coins have a legal basis for launch. The amendments came into effect on July 15, 2026, and the first such funds in the country are expected no earlier than 2027.
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Circle’s proposed $400M Tazapay acquisition would extend USDC into local payout rails while partner banks retain their own risks and duties.
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