[Japan's Financial Services Agency Plans to Reform Cryptocurrency Taxation, Proposes a Unified 20% Tax Rate] According to BeInCrypto, citing Japan's local news outlet Nikkei, the Financial Services Agency (FSA) of Japan plans to include cryptocurrency tax reforms in its 2026 tax revision proposal. The proposal is expected to combine tax changes with stricter regulations and may introduce ETFs linked to cryptocurrencies. The reform plan consists of two key components. First, it includes a revision of the tax law to reclassify cryptocurrency taxation from comprehensive income to the same category as stocks. Second, it involves a legal amendment to reclassify cryptocurrencies as financial products, enabling the FSA to apply insider trading rules, disclosure standards, and investor protection measures under the Financial Instruments and Exchange Act. Currently, Japan taxes cryptocurrency gains as 'miscellaneous income' with a progressive tax rate that can exceed 50% when local taxes are included. In contrast, stocks and bonds are subject to a flat 20% tax rate.