The Financial Services Agency of Japan is considering including crypto assets in the Financial Instruments and Exchange Act for separate taxation

According to ChainCatcher news and reported by CoinPost, the Financial Services Agency of Japan today released a document announcing that it will seriously consider transferring the regulation of crypto assets from the Payment Services Act to the framework of the Financial Instruments and Exchange Act.

If this progresses smoothly, crypto assets will be officially positioned as financial products, and the relevant tax system is expected to shift from a maximum comprehensive tax rate of 55% to a separate tax rate of about 20%, and the ban on Bitcoin ETFs may be lifted, improving the investor access environment.