#以太坊大户持仓变化 Japanese regulatory authorities are brewing a profound overhaul of the crypto asset tax system—planned to be officially implemented in 2026. For global investors, especially crypto enthusiasts targeting the Japanese market, this could mean a significant shift in the rules of the game.

The core aspects of the reform are indeed worth noting. First is the obvious easing of tax burdens: currently, Japan applies a progressive tax rate on crypto investment gains, with a top rate of about 55%. After the reform, this will be unified at 20%. How significant is this reduction? A simple comparison makes it clear—earning the same 1 million yen, taxes could drop from 550,000 yen to 200,000 yen.

Second, the classification of crypto assets is also changing. Regulators plan to include them within the "financial investment products" framework, enjoying the same tax treatment as stocks, funds, and other traditional financial instruments. This is not just a classification issue but an important signal of market normalization.

The third highlight is the introduction of a loss carryforward mechanism. If investors incur losses in a given year, they can offset gains for up to three subsequent years. This opens new possibilities for risk management, especially for long-term holders of $BTC, $ETH, with significantly increased flexibility.

Overall, Japan's reform is shaping a more transparent and friendly crypto investment ecosystem.