On September 4, Japan's financial regulator released a comprehensive tax law reform plan for fiscal year 2025, which includes regulations on crypto assets to reduce their tax rates. In its tax reform request on August 30, the Financial Services Agency (FSA) of Japan emphasized crypto assets and pushed for them to be treated as traditional financial assets available for public investment. "Regarding the tax treatment of cryptocurrency transactions, cryptocurrencies should be treated as a financial asset and should be an investment target for the public," the FSA wrote. According to cryptocurrency accounting firm TokenTax, cryptocurrency profits in Japan are currently taxed as miscellaneous income at rates between 15% and 55%.