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Japan’s regulator wants crypto taxed like stocks at a flat 20% rate.
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Proposed changes would apply from the 2026 fiscal year.
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Move could also make it easier to launch crypto ETFs.
Planned Tax Code Changes
Japan’s Financial Services Agency (FSA) is pushing for a major change in how the country taxes cryptocurrencies. According to Nikkei, the regulator will request a review of the tax code so that crypto gains are taxed at a flat 20% rate, similar to listed stocks, rather than as miscellaneous income at rates up to 55%.
Impact on ETFs and Adoption
The proposal is expected to make it easier for Japanese companies to launch domestic crypto ETFs, creating more regulated investment options. Industry groups are also asking for a three-year loss carry-forward to further align with how stocks are taxed.
Next Steps
The change is planned for the 2026 fiscal year and is part of Japan’s wider effort to boost its competitiveness in crypto. Separately, the FSA is preparing to approve the country’s first regulated yen-pegged stablecoin, JPYC, later this year.
