Japan Tightens Crypto Regulations, Classifies 105 Assets as Financial Products

Japan’s regulatory landscape for crypto assets is undergoing a significant transformation. The nation plans to classify 105 digital currencies as financial products, subject to stricter rules and increased transparency. This move will see the introduction of a flat 20% tax on gains from these assets, aligning with traditional stock trading standards. The Financial Services Agency (FSA) aims to bolster market fairness and reduce insider trading risks through enhanced oversight.