Japanese regulators plan to reclassify 105 cryptocurrencies, including BTC and ETH, as "financial products", with a tax rate that could be reduced to 20%.
2025-11-16 12:22:55
Japan's Financial Services Agency (FSA) plans to reclassify 105 cryptoassets, including Bitcoin and Ethereum, as financial products and bring them under the supervision of the Financial Products Exchange Act. Currently, Japanese residents are required to declare cryptocurrency gains as "miscellaneous income", with a maximum tax rate of 55%. After the reclassification, the trading gains of these 105 tokens will be taxed as capital gains, and the tax rate will be reduced to a flat 20%, the same as the stock trading tax rate. According to reports, the proposal is expected to be included in the budget in early 2026.
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