[Japan is Considering Establishing New Cryptocurrency Regulatory Rules] According to Foresight News, citing a report from Japan's Asahi Shimbun, sources revealed that the Financial Services Agency of Japan is considering drafting regulations to define cryptocurrencies as financial products subject to insider trading rules and to lower their profit tax rates. The regulations will apply to the 105 cryptocurrencies currently circulating in Japan, such as Bitcoin and Ethereum, and will require exchange service providers to disclose information about price fluctuation risks. Banks and insurance companies will be allowed to sell cryptocurrencies to depositors and insurance policyholders through their securities subsidiaries. Profits from cryptocurrency trading will be subject to a 20% tax rate, aligning with the tax rate for stock trading, significantly reduced from the current maximum rate of 55%. The Financial Services Agency aims to pass the relevant legislation during next year's regular parliamentary session.