Japan to Grant Legal Status To Crypto Assets: A New Dawn In Financial Regulation

by News Editor

March 31, 2025

Japan is set to make waves in the world of digital finance as the Financial Services Agency (FSA) plans to accord legal status to crypto assets, reshaping their role in the financial ecosystem. As Eurobank Cyprus demonstrates in other financial arenas, regulatory advancements are pivotal. The business daily Nikkei revealed these significant changes that could redefine crypto assets in the market.

Key Developments

The FSA’s initiative will amend the Financial Instruments and Exchange Act, classifying crypto assets alongside traditional financial products.
Discussions on these legislative changes are expected to begin with the financial commission in the summer of 2025, aiming for implementation by 2026.
These assets will be subject to insider trading restrictions, enhancing market integrity.

Implications And Forecast

Currently viewed as property rights and payment methods, crypto assets might soon see reduced taxation and the easier launch of crypto ETFs, placing them on par with conventional financial instruments. These changes not only promise a streamlined financial landscape but could also bolster Japan’s position in the global crypto market.

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Cyprus 2025 State Budget: A Detailed Analysis Of Revenue And Expenditure Implementation

by THEFUTURE.TEAM

February 25, 2026

Budget Overview

Cyprus recorded an 87% revenue implementation rate and a 92% expenditure implementation rate in the 2025 state budget, according to the latest Treasury report. Total revenue reached €10.20 billion, compared with €10.81 billion in 2024, while total expenditure amounted to €11.99 billion versus €12.42 billion a year earlier.

Revenue Trends And Tax Contributions

The decline in revenue was mainly linked to a €1.07 billion drop in loan withdrawals. This was partly offset by stronger tax collection. Direct taxes increased by €0.37 billion, while indirect taxes rose by €0.17 billion.

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VAT revenue grew by 4% to €3.16 billion, reflecting an increase of €0.08 billion. Direct taxes rose by 6% to €3.79 billion, supported by higher personal and corporate income tax receipts.

Expenditure Dynamics And Social Investments

Overall expenditure declined slightly, largely due to a €0.84 billion reduction in loan repayments. At the same time, social benefits increased by 5% to €2.02 billion, mainly driven by an €0.08 billion rise in healthcare-related spending.

Transfers and grants rose 11% to €1.93 billion, reflecting higher contributions to the Social Insurance Fund and increased support for municipalities. Operating expenses fell by 3% to €1.12 billion, while payroll, pensions, and gratuities remained stable at €3.52 billion.

Capital Expenditure And Co-Financed Projects

Capital expenditure reached €469.3 million. Key allocations included road infrastructure (€97.3 million) and construction projects (€77.4 million), alongside investments in water systems, government buildings, and school expansions.

Co-financed projects implemented €336.3 million. Funding covered initiatives such as subsidies for childcare and nutrition programs for children under four, as well as residential energy-efficiency upgrades.

Comparative Analysis And Development Expenditure

The average state budget expenditure implementation rate over the past decade stands at 91%. Development expenditure implementation reached 81% in 2025, exceeding the ten-year average of 69%.

The data indicates continued fiscal discipline combined with increased execution of development projects and targeted social spending.

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