[Japanese Government Supports Reducing Cryptocurrency Profit Tax to 20%] BlockBeats news, December 2, according to Nikkei Asia, the Japanese government has supported reducing the cryptocurrency profit tax rate from the current progressive tax rate of up to 55% to a flat 20% rate, aligning it with other financial products such as stocks. This tax reform will be part of a Financial Services Agency (FSA) proposal, planned to be submitted to parliament in early 2026. It is reported that the Japan Blockchain Association (JBA) has been advocating for this change for nearly three years, arguing that the current high tax rate hinders the development of the domestic cryptocurrency market. The new tax system will be implemented alongside a stricter investor protection framework, including a ban on trading using non-public information and enhanced information disclosure requirements.