According to CoinPost, Japan has released its tax reform outline for fiscal year 2026, which proposes a different direction for the tax system of virtual currencies and gradually positions crypto assets as “financial products that contribute to the formation of national assets.” The tax reform outline lists “spot trading,” “derivative trading,” and “ETFs” of virtual currencies as objects subject to separate taxation. However, not all crypto transactions will be included in the new system; staking, lending income, and NFT transactions may still be subject to comprehensive taxation.