Japan is considering a change to its crypto tax code, potentially lowering it to align with other financial assets.
The country’s financial regulator, the Financial Services Agency (FSA), has recently proposed a reform that could lower the tax rate on crypto profits to a flat 20%. The proposal was outlined in an August 30 request for tax reform, part of a broader review of the fiscal code for the year 2025.
“Cryptocurrency should be treated as a financial asset and an investment target for the public,” the FSA stated in its report.
The FSA is advocating for the treatment of cryptocurrencies as traditional financial assets, which would make them more accessible for public investment.