Japan: Bitcoin ETF Bill Clears Upper House

Japan advanced its Bitcoin ETF framework after the Upper House committee approved reclassifying crypto as a financial instrument on par with stocks and bonds.

Regulatory Path and Timeline

The bill already cleared the Lower House and faces a formality vote in the full chamber given ruling party control. Reforms activate in fiscal 2027, opening the door for BTC ETFs on the Tokyo Stock Exchange by late 2027 or 2028 while a separate proposal cuts crypto taxes from 55% to a flat 20% starting 2028.

BTC Price Action and 4H Chart Confluence

BTC trades at $64789.89 inside its Bollinger Bands with the upper resistance at $65554.28 capping near-term moves. The 50-EMA at $63450.56 and 200-EMA at $63727.03 form layered support beneath price while MACD at 311.59 confirms the golden cross and bullish structure; RSI at 61.6 leaves room before overbought territory, suggesting continuation toward the upper band before any healthy pullback tests the 50-EMA confluence zone.