"Japan's cryptocurrency sector is navigating a complex transition following landmark tax reforms finalized March 31, as industry leaders temper their celebration with frustration over a multiyear implementation delay."
"The reform package introduces a bifurcated timeline that has created a sense of hurry up and wait within the domestic market, with full benefits for individual investors not materializing until 2028."
"Effective for the fiscal year beginning April 1, 2026, Japanese companies are exempt from paying taxes on the market value of long-term crypto holdings at the end of the year."
Japan is reforming its cryptocurrency tax structure, moving from a punitive 55% tax to a flat 20.315% rate. This change includes a three-year loss carryforward for traders, allowing them to offset gains against past losses. The reform aims to treat crypto as a standard financial instrument. However, the full benefits for individual investors will not be realized until 2028, creating frustration among industry leaders. The changes are expected to prevent the exodus of Web3 startups to tax havens.
Read at news.bitcoin.com
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