Japan's parliament has voted to regulate cryptocurrencies similarly to stocks, paving the way for regulated crypto ETFs by 2027. The new legislation will reduce the tax rate on crypto gains from a maximum of 55% to a flat 20%, aligning it with stock taxation. Additionally, insider trading rules will now apply to cryptocurrencies, enhancing market integrity. However, stablecoins will remain under a separate regulatory framework. The bill is expected to pass the upper house, marking a significant shift in Japan's approach to cryptocurrency regulation.