Nikkei says SBI Securities and Rakuten Securities plan to sell crypto investment trusts once Japan finishes the rulebook, with rollout expected around 2028. A survey of 18 securities firms found 11 more, including Nomura, Daiwa, SMBC Nikko, Mizuho, Monex and Matsui, are also considering sales once details are locked. The bigger deal is distribution: BTC and other crypto exposure could move into ordinary Japanese brokerage accounts while tax reform tracks toward a 20% separate tax regime instead of today’s much harsher treatment.

TLDR by @Benthic

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