Japan 🇯🇵 Considers Crypto Tax Reform
Japan’s Financial Services Agency (FSA) is proposing to tax cryptocurrencies as financial assets, a move that could provide tax relief for investors. Currently, crypto profits are taxed as income, with rates as high as 45% for high earners. In contrast, gains on financial assets such as stocks are subject to a flat rate of 20%.
This reform could encourage wider adoption of cryptocurrencies among Japanese households and encourage individual investment in these assets.
