🚨 As someone who has been in the crypto space for ten years, Garry must talk to you today about the major bombshell Japan just dropped - proposing to impose a 20% uniform tax on cryptocurrency transactions and advancing the issuance of ETFs! 💥
Previously, Japan classified cryptocurrency income as 'miscellaneous income', with a progressive tax rate of up to 55%, plus local taxes. Now, the Financial Services Agency (FSA) plans to change this in the fiscal year 2026, referencing the treatment of stocks, introducing a separate tax rate of 20% with a unified tax, and allowing losses to be carried forward for three years. This is equivalent to significantly reducing the tax burden on cryptocurrency transactions, which will surely stimulate more people to enter the market.
Even more aggressively, the tax reform will also promote Japanese companies to push for cryptocurrency ETFs. ETFs are a compliance weapon that can bring massive funds from traditional finance. Moreover, in 2026, the FSA plans to legislate to move cryptocurrency from being classified as a 'means of payment' under the Payment Services Act to 'financial products' under the Financial Instruments and Exchange Act. This means that the status of cryptocurrency in Japan is directly upgraded, with clearer regulations and more confidence for institutional participation.
This series of actions can activate the local cryptocurrency market in Japan in the short term, and in the long term, it sets a precedent for global cryptocurrency compliance. It remains to be seen whether other countries will follow suit; if there is a chain reaction, a compliance bull market in the crypto world may indeed be approaching.
Follow me, Garry,@合约狠人Garry I will continue to track global cryptocurrency regulatory developments, bringing you timely interpretations of their impact on the market, allowing you to position accurately in the trends of the crypto world!#ETH创历史新高
