Japanese crypto tax relief in sight as regulator set to classify Bitcoin as ‘financial product’ – DL News
- ETH also on FSA’s ‘approved’ list
- Government could green-light plan in early 2026
- Tax parity with stock trading expected
Japan’s top financial regulator has indicated its intention to reclassify 105 cryptoassets, including Bitcoin and Ethereum, as financial products.
That’s according to Asahi Shinmun, which quoted Financial Services Agency sources as stating that the coins would become subject to policing under the terms of the Financial Products Transaction Act.
“The FSA will also ask the government to enforce tax rate reductions ahead of the next financial year,” Asahi wrote. “These will be similar to those used in stock trading.”
If the FSA gets its way, this could effectively put an end to Japan’s much-maligned crypto…
