Japan may plan to implement a separate tax system for crypto assets starting in 2028.

According to Odaily Planet Daily, sources within the Japanese political sphere have revealed a proposal regarding when Japan will transition to a separate, self-assessed tax system for crypto assets (virtual currencies), with plans to implement it starting in January 2028. Although the market anticipates that the revised Financial Instruments and Exchange Act will be passed by the Diet next year, and the new tax system may be implemented by 2027, the Japanese government prefers to implement tax reform only after confirming the market conditions under the Financial Instruments and Exchange Act.

Currently, profits from cryptocurrency trading in Japan are classified as "miscellaneous income," calculated together with wages and other income, and subject to a maximum tax rate of 55%. Investors and industry groups have long called for a change to a separate tax system of 20%, similar to that for stocks. The government stated that the delay was primarily due to the need to "improve investor protection measures."