TechFlow news — On September 2, according to CoinPost, Japan's Financial Services Agency (FSA) released its tax reform requests for the 2025 fiscal year, specifically addressing cryptocurrency transaction taxation for the first time. Under the section "Doubling Asset Returns and Realizing a Nation of Asset Management," the FSA stated that discussions are needed on whether cryptocurrencies should be treated as financial assets for tax purposes. These reform proposals, submitted by various government agencies, will be reviewed by the ruling party's tax policy committee and the Diet. Although the requests have been submitted, no final decisions have been made. In the past two years, there has been ongoing demand from the cryptocurrency industry for tax reform; while this latest proposal lacks detailed specifications, it marks the first explicit mention of cryptocurrency transactions.
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