TechFlow news, August 23: According to the Nikkei, Japan's Financial Services Agency (FSA) plans to include cryptocurrency tax reform in its 2026 tax revision package. The proposal is expected to combine tax changes with stricter regulations and may introduce ETFs linked to cryptocurrencies. The reform consists of two key components. First, it involves amending tax laws to reclassify cryptocurrencies from miscellaneous income to the same category as stocks. Second, it includes a legislative amendment to reclassify cryptocurrencies as financial products, enabling the FSA to apply insider trading rules, disclosure standards, and investor protection measures under the Financial Instruments and Exchange Act. Currently, Japan taxes cryptocurrency gains as "miscellaneous income" under a progressive tax rate that could exceed 50% when local taxes are included, while stocks and bonds are subject to a flat 20% tax.
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