Japan’s Financial Services Agency Considers Taxing Crypto as a Financial Asset

Any
change
might
lead
to
the
highest-earning
crypto
holders
paying
a
lower
rate
of
tax.
The
country
currently
taxes
crypto

profits
as
income,
which
can
be
as
high
as
45%
for
people
earning
over
40,000,000
yen
($276,000).
Capital
gains
from
sales
of
securities
such
as
shares
face
a
flat
rate
of
20%.