Japan Advances Bill to Treat Crypto as Financial Instruments, Eyes Tax Shift

Japan’s lower house has moved forward a bill that would reclassify cryptocurrencies as financial instruments, positioning them for securities-style oversight and potentially changing how gains are taxed. The legislation cleared a key committee on June 10, 2026 after being submitted by the cabinet in April, and is now headed to the House of Councillors. Under the current system, crypto profits can face taxes up to 55%, while reclassification could pave the way for a flat 20% rate similar to stocks and bonds.