According to Nikkei, Japan's Financial Services Agency (FSA) plans to request a review of its treatment of cryptocurrency transactions starting in fiscal year 2026, with the goal of mirroring the treatment of listed stocks.

The request, to be formally submitted by the end of August, will include moving cryptocurrency gains to a separate tax bracket subject to a flat 20% rate.

As part of the tax reform, industry players are also requesting the ability to carry forward losses for three years.