From ‘Miscellaneous’ to Mainstream: Japan Aims to Put Crypto on Par with Stocks

Cryptocurrencies in Japan are poised to shed their “miscellaneous” status for a place alongside traditional securities.

The Financial Services Agency (FSA) is drafting legislation to treat digital assets as “financial products,” a move that would not only slash the maximum tax rate from 55% to 20% but also enforce stock-market-level transparency.

This regulatory elevation means exchanges must disclose critical details about the tokens they list, and insider trading—such as acting on knowledge of a forthcoming listing—will become illegal.

By submitting this bill in 2026, Japan aims to create a more mature and equitable digital asset market.