According to Foresight News , analyst Willy Woo commented on Japan's potential classification of Bitcoin as a financial product this year, stating, "Japanese people will be more incentivized to buy Bitcoin. Classifying Bitcoin as a financial product means that Bitcoin gains (or transactions) will be taxed at 20%, instead of the marginal income tax rate (43-55% if annual income exceeds $57,000). Metaplanet will lose its tax arbitrage advantage relative to self-custodied Bitcoin. Approximately 110 cryptocurrencies are also included, with staking gains taxed at the marginal rate."
According to a previous report by Foresight News , Japan's Financial Services Agency may introduce cryptocurrency regulatory reforms in April 2026, which would redefine the categories of crypto tokens such as Bitcoin and Ethereum, or classify them as financial products.
