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

According to Dlnews, the Financial Services Agency (FSA) of Japan plans to reclassify 105 cryptocurrencies, including Bitcoin and Ethereum, as financial products and bring them under the regulation 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 the reclassification, the trading gains from these 105 tokens will be taxed as capital gains, with the rate reduced to a uniform 20%, aligning with the stock trading tax rate. It is reported that the proposal is expected to be included in the budget plan for early 2026.