Japan’s 20% crypto tax sets a new bar in Asia, pressuring Singapore and Hong Kong as retail costs fall
Japan is quietly preparing the most pro-crypto shift of any G7 nation.
According to multiple reports from local media, the Financial Services Agency (FSA) is drafting a sweeping reclassification of digital assets that would bring Bitcoin, Ethereum, and around 100 other tokens under the same umbrella as stocks and investment funds.
If the plan moves forward, Japan will treat these tokens as “financial products” starting in 2026, and with that comes a flat 20% tax, insider trading rules, and institutional pathways that could open the doors for banks, insurers, and public companies.
Why is Japan making the shift now?
For years, crypto in Japan has been operating in a regulatory gray zone. It has been tolerated, taxed heavily, and kept at…
