[The Japanese Government Plans to Postpone the Implementation of Separate Taxation for Crypto Assets to January 2028] The Japanese government plans to postpone the implementation of the separate taxation policy for crypto asset declarations to January 1, 2028. Although the market had anticipated that the new tax system might be implemented within 2027 following the passage of the Financial Instruments and Exchange Act amendment, the government prefers to proceed with the reform after confirming market conditions under the new legislation. Currently, profits from crypto asset trading in Japan are classified as miscellaneous income, with a maximum tax rate of 55%. The industry has called for a change to a 20% separate taxation rate. The government stated that the delay is due to the need to further improve investor protection measures.