Japan is planning to implement a separate tax system for cryptocurrency assets starting in 2028.

BlockBeats News, December 17th. A source from the Japanese political circles revealed that a proposal has been put forward regarding when Japan will transition to a separate self-assessment taxation system for cryptocurrencies. The plan is to implement this system starting from January 2028. Although the market expects the Japanese Financial Instruments and Exchange Law Amendment to be passed in the Diet next year and the new tax system may be implemented by 2027, the Japanese government is more inclined to proceed with tax reform after confirming the market situation under the amended financial law.

Currently, profits from cryptocurrency transactions in Japan are classified as "miscellaneous income," merged with other income such as wages, with the highest tax rate reaching 55%. Investors and industry groups have long called for a shift to a separate 20% taxation system similar to stocks. The government stated that the main reason for the delay is that "measures related to investor protection still need to be improved."