Japan will reduce its cryptocurrency tax rate from a maximum of 55% to 20%, effective early 2026, subject to legislative approval. The Financial Services Agency proposes classifying 105 green-listed digital currencies as financial products under the new rate, aligning crypto taxation with stock market rates to attract more investors and boost market liquidity.

Japan's Financial Services Agency has proposed reclassifying 105 cryptocurrencies, including Bitcoin and Ethereum, as financial products under the Financial Instruments and Exchange Act. The initiative would apply a 20% flat capital gains tax rate to digital assets, replacing the current miscellaneous income tax structure that imposes rates up to 55%. Implementation is targeted for early 2026, pending parliamentary approval.

The Canary XRP ETF launched on Nasdaq on November 13, marking the first US-listed spot exchange-traded fund for XRP. The product recorded $243 million in net inflows during its debut trading session. The fund carries a 0.50% management fee and offers both cash and physical redemption options.

The Czech National Bank has established a $1 million experimental portfolio to evaluate Bitcoin and blockchain-based assets for potential reserve diversification. Governor Aleš Michl announced the initiative in January 2025. Findings are expected within two to three years.

VanEck has filed Form 8-A with the U.S. Securities and Exchange Commission, advancing its Solana cash ETF toward market launch. The ETF structure includes asset custody through Gemini Trust Company and Coinbase Custody, with on-chain Solana staking capabilities and a 0.30% management fee. Solana traded at approximately $145.63 with a market capitalization of $80.69 billion, data show.

Taiwan's Executive Yuan and Central Bank have launched a pilot program to study Bitcoin as a potential strategic reserve asset. The initiative will use confiscated Bitcoin from legal cases, with legislator Dr. Ju-chun Ko leading efforts to diversify financial reserves and reduce reliance on the US dollar. Premier Cho Jung-tai expects a comprehensive assessment by end-2025.

Sui Network will launch USDsui, a native stablecoin, in 2025 through Bridge, a Stripe subsidiary. The stablecoin will integrate with Sui's wallets, DeFi protocols, and major platforms to enhance liquidity and cross-platform interoperability. The development connects Sui's blockchain infrastructure with traditional payment systems.

JPMorgan Chase has introduced JPM Coin, a USD deposit token built on the Base blockchain, enabling round-the-clock settlement for institutional clients. The token allows direct US dollar transactions without time restrictions, according to Naveen Mallela, global co-head at Kinexys. Mastercard and Coinbase participated in early pilot testing of the system.

Canary Capital secured Nasdaq approval for XRPC, the first U.S. spot XRP exchange-traded fund, with trading set to commence Thursday following final regulatory clearance. XRP climbed nearly 10% following the announcement. The fund aims to provide institutional investors with regulated exposure to XRP.