The latest official policy signals from Japan are here. According to media reports, Japan's tax reform plan for the 2026 fiscal year has been finalized, and the positioning of crypto assets is quietly shifting—from the previous ambiguous zone to gradually being included within the framework of "financial products that contribute to the formation of national assets."

What does this mean? In simple terms, the policy is beginning to recognize the legitimate financial attributes of crypto assets. The specific measures include three key points:

First, profits from spot trading, derivatives trading, and crypto ETFs will be subject to a separate taxation system, effectively creating a dedicated tax channel for this income. Second, a maximum 3-year loss carryforward mechanism will be introduced, meaning trading losses can be carried forward for up to 3 years to offset future gains, which is a positive for long-term investors.

However, it should be noted that not all crypto activities are included in the new system. Staking yields, lending yields, and NFT trading are still under observation, and policy details are still under discussion. The clear signal from this policy adjustment is that Japan is gradually improving its crypto asset tax framework, shifting from regulation to normalization.