Japanese regulators plan to reclassify 105 cryptocurrencies, including BTC and ETH, as "financial products," potentially reducing the tax rate to 20%.
Japan Financial Services Agency (FSA) plans to reclassify 105 crypto assets, including Bitcoin and Ethereum, as financial products and bring them under the regulation of the Financial Instruments and Exchange Act. Currently, Japanese residents must declare cryptocurrency earnings as "miscellaneous income," with a maximum tax rate of 55%. After reclassification, trading profits from these 105 tokens will be taxed as capital gains at a uniform rate of 20%, equal to the tax rate on stock trading. According to reports, the proposal is expected to be included in the budget plan for early 2026.
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