The Japanese regulatory agency is considering reclassifying 105 cryptocurrencies such as BTC and ETH as "financial products," potentially reducing the tax rate to 20%.
BlockBeats News, November 16, the Japanese Financial Services Agency (FSA) plans to reclassify 105 cryptocurrencies including Bitcoin and Ethereum as financial products and include them in the regulation scope of the Financial Instruments and Exchange Act. Currently, Japanese residents are required to declare cryptocurrency gains as "miscellaneous income," with the highest tax rate reaching 55%. After the reclassification, gains from trading these 105 tokens will be taxed as capital gains, with the tax rate lowered to a uniform 20%, equivalent to the stock trading tax rate. The proposal is expected to be included in the budget for early 2026, as reported.
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