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Japan's Financial Services Agency Plans to Reform Cryptocurrency Tax System, Proposing a Unified Tax Rate of 20%
Summary: According to BeInCrypto citing local Japanese news outlet Nikkei, Japan's Financial Services Agency (FSA) plans to include reforms to the cryptocurrency tax system in its 2026 tax revision plan. The plan is expected to combine tax changes and stricter regulations, and may introduce ETFs linked to cryptocurrencies. The reform plan consists of two key parts. ...
According to BeInCrypto citing local Japanese news outlet Nikkei, Japan's Financial Services Agency (FSA) plans to include reforms to the cryptocurrency tax system in its 2026 tax revision plan. The plan is expected to combine tax changes and stricter regulations, and may introduce ETFs linked to cryptocurrencies. The reform plan consists of two key parts. Firstly, it involves amending tax laws to categorize cryptocurrencies in the same category as stocks. Secondly, it includes a legal amendment to reclassify cryptocurrencies as financial products, allowing the FSA to apply insider trading rules, disclosure standards, and investor protection measures under the Financial Instruments and Exchange Act. Currently, Japan taxes cryptocurrency gains as 'miscellaneous income' at a progressive rate, which could exceed 50% once local taxes are factored in. In contrast, stocks and bonds are subject to a unified tax rate of 20%.
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Link: Japan's Financial Services Agency Plans to Reform Cryptocurrency Tax System, Proposing a Unified Tax Rate of 20% [Copy]
