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The Financial Services Agency of Japan plans to reclassify 105 crypto assets including BTC as "financial products," with the tax rate expected to drop to 20%.

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According to Mars Finance, Dlnews reported that Japan's Financial Services Agency (FSA) plans to reclassify 105 Crypto Assets, including Bitcoin and Ethereum, as financial products and bring them under the supervision of the Financial Instruments and Exchange Act. Currently, Japanese residents must declare cryptocurrency gains as miscellaneous income, with a maximum tax rate of 55%. After reclassification, the trading gains from these 105 Tokens will be taxed as capital gains, with the rate reduced to a unified 20%, which is on par with the stock trading tax rate. Reports suggest that the proposal is expected to be included in the budget plan for early 2026.

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