Crypto gains in Japan are expected to be reclassified under the Financial Instruments and Exchange Act, leading to a 20% tax rate (down from 55%) and tax deductibility for losses.
"reclassify crypto under Japan's financial instruments and exchange act and you know what that would mean no more taxing crypto gains as miscellaneous income at up to 55% instead gains would be taxed at 20% in line with other Financial assets and losses would finally be tax deductible too"
