Odaily Planet Daily reported this afternoon at the WebX 2025 conference in Tokyo, Japan, that Japan is currently exploring the reclassification of cryptocurrencies, specifically redefining well-known crypto investment assets like BTC and ETH. Japan currently imposes a 55% tax on crypto assets, but if crypto assets were transferred from the Payment Services Act to the Financial Instruments and Exchange Act, the tax rate could be reduced to 20%, aligning it with the stock tax rate.

Katayama Satsuki added, "This reform is expected to be implemented within one to two years, and we expect it to bear fruit soon. The direction of this reform has already been decided by the Cabinet. Normally, this would mean a strong push forward, but the LDP has lost its parliamentary majority. Therefore, we need to negotiate with other parties. This will take time and complicate the process, but several parties already share our views, so we will wait and see how things develop. A final conclusion must be reached by December."