ChainCatcher news, according to CoinDesk, the Japanese Financial Services Agency (FSA) stated in a document reviewing tax reforms that "regarding the tax treatment of crypto asset transactions, it is necessary to consider whether crypto assets should be regarded as financial assets that should be the subject of public investment."

The country currently taxes cryptocurrency profits as income, and for those with incomes exceeding 4 million yen ($276,000), the tax rate can be as high as 45%, while capital gains from the sale of securities such as stocks are taxed at a uniform rate of 20%. Changes to the system may lead to lower taxes for some cryptocurrency investors.