TechFlow news, November 16 — According to Dlnews, Japan's Financial Services Agency (FSA) plans to reclassify 105 crypto assets, including Bitcoin and Ethereum, as financial products and bring them under the regulatory scope of the Financial Instruments and Exchange Act.
Currently, Japanese residents must report cryptocurrency gains as "miscellaneous income," subject to a maximum tax rate of 55%. After reclassification, trading profits from these 105 tokens will be taxed as capital gains at a flat rate of 20%, aligning with the tax rate for stock trading.
The report states that this proposal is expected to be included in the budget draft for early 2026.
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