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Japan's Financial Services Agency publishes proposed tax reform for FY2025, mentioning virtual currency trading for the first time

Japan's Financial Services Agency publishes proposed tax reform for FY2025, mentioning virtual currency trading for the first time

Bitget2024/09/02 16:36

On 2 September, it was reported that Japan's Financial Services Agency (FSA) has announced its tax reform proposal for the fiscal year 2025, and the proposal mentions cryptocurrency (virtual currency) trading for the first time.

 


The proposal mentions crypto assets (virtual currencies) in the section of ‘Plan for Doubling Asset Income and Realisation of Nationalisation of Asset Utilisation’. In the ‘Current Situation and Issues’ section of the ‘Integration of the Financial Income Tax System’ project, it is stated that ‘the tax treatment of virtual currency transactions needs to be considered as a financial asset to be invested in’.

 


Although there is no specific reform content this time, virtual currency transactions are mentioned for the first time.

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