Japan's financial regulatory bodies have proposed a comprehensive revision of the tax system for the fiscal year 2025, with a special focus on the cryptocurrency sector. This revision suggests lowering the tax rate for cryptocurrencies. In the tax reform proposal put forward on August 30th, the Financial Services Agency (FSA) explicitly stated that cryptocurrencies should be treated as equivalent to traditional financial assets as public investment objects. The FSA emphasized that the tax treatment of cryptocurrency transactions should be based on the nature of financial assets, encouraging their use as an option for public investment. Currently, the income from cryptocurrencies in Japan is classified as miscellaneous income and is taxed at rates ranging from 15% to 55%.