The post Japan Reveals 2026 Tax Reform, Including Crypto Measures appeared on BitcoinEthereumNews.com. Japan’s Financial Services Agency (FSA) has disclosed the outline of its 2026 tax reform request, which includes proposals to revise cryptocurrency taxation and expand the Nippon Individual Savings Account (NISA) framework. According to Kyodo News, the FSA’s reform request includes reviewing tax rules for cryptocurrency trading, such as Bitcoin. FSA Proposes Revisions to Cryptocurrency Taxation Individual crypto gains are subject to comprehensive taxation, which combines profits with salary income and potentially reaches a maximum tax rate of 55%. The FSA and industry associations are advocating for the introduction of separate self-assessed taxation, or “declaration-based capital gains tax,” which would apply a flat rate of approximately 20%, similar to equities. This change aims to create a fairer tax environment and encourage broader participation in digital asset trading. Another key proposal is the introduction of loss carry-forward deductions for crypto trading. Current rules prevent investors from offsetting losses against future gains, reducing risk management options. Industry groups are calling for a three-year carry-forward system analogous to stock market rules. This would reduce investment risk and potentially lower the entry barriers for retail participants. The FSA plans to submit its request to the Ministry of Finance by the end of August and will engage in discussions with the ruling coalition through year-end. The government aims to pass related legislation during the 2026 regular Diet session. Japan’s Financial Services Agency NISA Expansion Could Indirectly Support Crypto Investment In addition to crypto taxation, the reform request includes proposals to expand NISA eligibility to all generations, including minors and seniors. Although NISA does not currently cover cryptocurrencies, investors could use broader tax-advantaged schemes to support crypto trading indirectly. NISA allows households to invest in stocks and funds with flexible buy-sell and liquidation options. Investors can secure cash for potential crypto trading through these investments. The reforms… The post Japan Reveals 2026 Tax Reform, Including Crypto Measures appeared on BitcoinEthereumNews.com. Japan’s Financial Services Agency (FSA) has disclosed the outline of its 2026 tax reform request, which includes proposals to revise cryptocurrency taxation and expand the Nippon Individual Savings Account (NISA) framework. According to Kyodo News, the FSA’s reform request includes reviewing tax rules for cryptocurrency trading, such as Bitcoin. FSA Proposes Revisions to Cryptocurrency Taxation Individual crypto gains are subject to comprehensive taxation, which combines profits with salary income and potentially reaches a maximum tax rate of 55%. The FSA and industry associations are advocating for the introduction of separate self-assessed taxation, or “declaration-based capital gains tax,” which would apply a flat rate of approximately 20%, similar to equities. This change aims to create a fairer tax environment and encourage broader participation in digital asset trading. Another key proposal is the introduction of loss carry-forward deductions for crypto trading. Current rules prevent investors from offsetting losses against future gains, reducing risk management options. Industry groups are calling for a three-year carry-forward system analogous to stock market rules. This would reduce investment risk and potentially lower the entry barriers for retail participants. The FSA plans to submit its request to the Ministry of Finance by the end of August and will engage in discussions with the ruling coalition through year-end. The government aims to pass related legislation during the 2026 regular Diet session. Japan’s Financial Services Agency NISA Expansion Could Indirectly Support Crypto Investment In addition to crypto taxation, the reform request includes proposals to expand NISA eligibility to all generations, including minors and seniors. Although NISA does not currently cover cryptocurrencies, investors could use broader tax-advantaged schemes to support crypto trading indirectly. NISA allows households to invest in stocks and funds with flexible buy-sell and liquidation options. Investors can secure cash for potential crypto trading through these investments. The reforms…

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more