Japan is planning to implement a separate tax system for cryptocurrency assets starting in 2028.
BlockBeats News, December 17th. A source from the Japanese political circles revealed that a proposal has been put forward regarding when Japan will transition to a separate self-assessment taxation system for cryptocurrencies. The plan is to implement this system starting from January 2028. Although the market expects the Japanese Financial Instruments and Exchange Law Amendment to be passed in the Diet next year and the new tax system may be implemented by 2027, the Japanese government is more inclined to proceed with tax reform after confirming the market situation under the amended financial law.
Currently, profits from cryptocurrency transactions in Japan are classified as "miscellaneous income," merged with other income such as wages, with the highest tax rate reaching 55%. Investors and industry groups have long called for a shift to a separate 20% taxation system similar to stocks. The government stated that the main reason for the delay is that "measures related to investor protection still need to be improved."
You may also like

Huang Renxun's Latest Podcast: Will NVIDIA Reach $1 Trillion? Will the Number of Programmers Increase Instead of Decrease? How to Deal with AI Anxiety?

Besides Resolv Hack, This DeFi Vulnerability Type Has Occurred Four Times

Trump Cries Peace, $1.5 Billion Dash | Rewire News Evening Brief

From x402 to MPP: Cloudflare's crucial vote, will it go to Coinbase or Stripe?

BlackRock CEO issues annual open letter: The wave of tokenization has arrived, and we will lead this trend

When Backpack backstabs the community

When gold is no longer a safe haven, and Bitcoin continues to panic

Trump, the World's Largest Oil Trader

If the US and Iran have not reached an agreement in 5 days, what other cards does Trump have?

Tether Whale Dumps £12 Million, Backing Crypto’s ‘British Trump’

Ethereum Foundation Post: Rethinking the Division of Work Between L1 and L2 to Build the Ultimate Ethereum Ecosystem

Two Major Prediction Market Platforms Unite Rarely, What Is the Story Behind This New Fund?

Dragonfly Partners: Most agents will not engage in autonomous trading, how can crypto payments prevail?

US AI Startup Goes All In on Chinese Mega-Model | Rewire News Morning Brief

Trump Lies Again: A "Five-Day Pause" Psyop, How Wall Street, Bitcoin, and Polymarket Insiders Synced Uposciogen

When a Token Becomes Labor, People Become the Interface

Ceasefire News Leaked Ahead of Time? Large Polymarket Bets on Outcome Before Trump's Tweet

