Japan’s Financial Services Agency is preparing a major regulatory overhaul that would classify cryptocurrencies as “financial products” under the Financial Instruments and Exchange Act.
The move would require exchanges to disclose detailed information on 105 approved tokens and introduce insider trading rules for the first time.
The FSA also aims to revise the tax system so crypto gains are taxed like stocks at a flat 20%, instead of the current rates that reach up to 55%.
The proposal is expected to be presented to Parliament in 2026.
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