BlockBeats news, on August 24, according to (Nikkei News), the Financial Services Agency (FSA) of Japan plans to review the treatment of cryptocurrency transactions for the fiscal year 2026 and intends to refer to the treatment of listed stocks. This request will be formally presented at the end of August, including the transfer of cryptocurrency gains to a separate tax category, subject to a unified tax rate of 20%. As part of tax reforms, industry businesses have also requested the ability to carry forward losses for three years. Currently, cryptocurrency income in Japan is considered 'miscellaneous income,' with a progressive tax rate of up to 55%, excluding local taxes.
The proposal from the Financial Services Agency will also facilitate Japanese companies to more easily launch domestic cryptocurrency ETFs to enhance the competitiveness of Japan's cryptocurrency industry. In addition to tax reforms, the Financial Services Agency also plans to draft a legislative bill in 2026 to incorporate cryptocurrency into the (Financial Instruments and Exchange Act), classifying it as a 'financial product' rather than a 'means of payment' regulated by the (Payment Services Act).
