The Financial Services Agency (FSA) of Japan has suddenly proposed a significant reform plan: to officially classify 105 mainstream cryptocurrencies such as Bitcoin and Ethereum as financial products, bringing them under the regulatory framework of the Financial Instruments and Exchange Act. More importantly, the tax system will be adjusted from a progressive tax on miscellaneous income of up to 55% to a unified capital gains tax of 20%, similar to that of stocks. This means that the tax burden for high-frequency traders and high-income investors could be cut in half.
In-depth analysis of policies
Regulatory upgrade: The FSA will establish a whitelist for token reviews, with evaluation criteria including project transparency, technical safety, and market credibility. Similar insider trading restrictions like those in the stock market may also be introduced in the future.