Japan's 2026 tax reform proposal: drop the tax rate on Crypto Assets and expand the applicability of NISA accounts.

[Japan's 2026 Tax Reform Proposal: Drop the Tax Rate on Crypto Assets and Expand the Application Scope of NISA Accounts] The Financial Services Agency of Japan has proposed a series of tax reform plans for 2026, aimed at comprehensively adjusting the current tax framework for Crypto Assets. The core of the reform includes two aspects: first, changing the current comprehensive tax system (where Crypto Assets gains are combined with salary income and the maximum tax rate can reach 55%) to a separate fixed tax rate system, with a rate of about 20%; second, introducing a "three-year loss carryforward" mechanism similar to stock market rules (where losses can be offset against taxable gains in the future three years). In addition, the Japanese government plans to expand the applicability of the "Nippon Individual Savings Account" (NISA) to all age groups. By providing tax incentive channels, this initiative will indirectly create a more attractive investment ecosystem for crypto assets.