Japan Considers Reclassifying Cryptocurrencies As Financial Assets

According to Odaily, Japan's Financial Services Agency has announced plans to potentially reclassify cryptocurrencies like Bitcoin as 'financial assets.' This shift is outlined in the agency's tax reform request for the fiscal year 2025, aiming to recognize crypto assets as investments accessible to the general public. Currently, under Japan's Payment Services Act, cryptocurrencies are... source: https://www.binance.com/en/square/post/18245341141913?utm_source=BinanceNewsRSS