The Japanese government plans to implement a "separate reporting and taxation" system for crypto assets starting in January 2028.

The Japanese government plans to implement a separate taxation system for crypto assets starting in January 2028. According to political sources, while the market generally expects the new tax system to be implemented simultaneously with the Financial Instruments and Exchange Act (FIE) in 2027, the actual implementation time may be longer. Under the current tax system, profits from crypto asset trading are considered "miscellaneous income" and are taxed together with other income at a rate as high as 55%. Industry insiders have long advocated for adjusting the crypto asset tax system to a separate taxation rate of 20%, the same as traditional assets such as stocks. (CoinDesk)