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Japan to Reform Crypto Taxation, FSA Pushes for BTC, ETH Reclassification
Japanese authorities are moving toward a notable reformation in crypto regulation. In this respect, the Financial Services Agency (FSA) of Japan has proposed the reclassification of Ethereum ($ETH) and Bitcoin ($BTC) among financial products. As per the local reports, this development parallels a proposed tax reformation. Overall, these developments aim to implement unique insider trading regulations. Specifically, Japan’s Financial Services Agency (FSA) has highlighted the plan to reclassify up to 105 cryptocurrencies, including Ethereum ($ETH) and Bitcoin ($BTC), among financial products. Along with that, the ... (full story)
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