The Financial Services Agency of Japan has released tax reform requirements for the fiscal year 2025, mentioning virtual currency transactions for the first time

ChainCatcher news, according to Coinpost, the Financial Services Agency of Japan has released the tax reform requirements for the fiscal year 2025, which include regulations related to crypto assets (virtual currencies). The section of the reform plan titled "Asset Yield Doubling Plan and Realization of Asset Management Nation" for the first time addresses the tax treatment of virtual currency transactions, discussing whether virtual currencies should be treated as financial assets.

This tax reform request was proposed by various government agencies and will be reviewed by the ruling party's tax system investigation committee and the National Diet after submission. Although the amendment request has been submitted, a final decision has not yet been made. Over the past two years, there has been a persistent call for tax system reform for virtual currency businesses, and while this specific amendment does not provide detailed explanations, it is the first time that virtual currency transactions have been mentioned.