Sources: Japan's cryptocurrency tax reform may not be officially implemented until January 2028

According to CoinDesk, Japanese political sources have stated that the country's cryptocurrency tax reform, which shifts towards a "separate declaration tax" plan, may not be officially implemented until January 2028. Previously, the market generally expected that the new tax system would be implemented within 2027 in conjunction with the Financial Commodity Exchange Act, as Congress was almost certain to pass an amendment next year to include cryptocurrencies in its regulation. But according to political insiders, the actual process may be slower than expected. The person stated, "Currently, there is a lack of basis to accelerate the implementation of (tax reform). The government is more focused on responding to investor protection, and it is necessary to observe the situation after the implementation of the Financial Law before launching the new tax system. According to normal procedures, it is expected to be implemented from January 1, 2028 The current tax system in Japan classifies cryptocurrency trading profits as "miscellaneous income" and requires them to be taxed together with income such as wages, applying comprehensive taxation. The highest marginal tax rate can reach 55% (including local resident tax). The industry and investors have long called for a reference to the stock investment tax system, and for cryptocurrency to be taxed separately with a unified tax rate of 20%, in order to reduce tax burden and promote market development.