Japan's FSA to Reclassify 105 Cryptoassets as Financial Products, Tax Relief on the Horizon

Japan's top financial regulator, the Financial Services Agency, is set to classify 105 cryptoassets, including Bitcoin and Ethereum, as financial products. This move would subject them to policing under the Financial Products Transaction Act and could reduce crypto tax rates in Japan. The FSA plans to impose new restrictions on insider trading and has reportedly asked the government to enforce tax rate reductions ahead of the next financial year. The FSA's decision will be included in the budget to be held in the first few weeks of 2026.