🇯🇵 Japan's crypto tax reform just blew up! 55% → 20%, now that's some real good news
The Japanese House of Representatives just passed an amendment to the Financial Instruments and Exchange Act, slashing the crypto tax rate from a whopping 55% down to a unified 20% capital gains tax. Bitcoin and Ethereum are no longer classified as "miscellaneous income" and are on par with stocks and bonds.
But don't pop the champagne just yet; individual investors will have to wait until 2028 for this to kick in, so it's a bit of a long shot for them. However, businesses will start enjoying tax exemptions from market value assessments as early as April 2026, meaning Web3 projects can finally stop fleeing en masse.
The regulatory arms race across Asia has officially kicked off.
The Japanese House of Representatives just passed an amendment to the Financial Instruments and Exchange Act, slashing the crypto tax rate from a whopping 55% down to a unified 20% capital gains tax. Bitcoin and Ethereum are no longer classified as "miscellaneous income" and are on par with stocks and bonds.
But don't pop the champagne just yet; individual investors will have to wait until 2028 for this to kick in, so it's a bit of a long shot for them. However, businesses will start enjoying tax exemptions from market value assessments as early as April 2026, meaning Web3 projects can finally stop fleeing en masse.
The regulatory arms race across Asia has officially kicked off.