Japan's FSA suggests considering whether to classify crypto as investment assets in 2025 tax reform proposal

In its tax reform proposal for the fiscal year 2025, Japan's Financial Services Agency (FSA) has suggested considering the tax treatment of cryptocurrency transactions, according to local news outlet CoinPost. This includes whether cryptocurrencies should be classified as financial assets suitable for investment. The agency's exploration of this classification also touches on the broader issue of whether to allow cryptocurrency ETFs in Japan. Hideki Ito, Commissioner of the FSA, previously noted in an interview with Bloomberg the need for careful consideration before Japan can decide on approving such ETFs.