[Japan's 2026 Tax Reform Proposal: Lower Cryptocurrency Tax Rates and Expand NISA Account Coverage] According to a report by Jinse Finance, Japan's Financial Services Agency has proposed a series of tax reform measures for 2026 aimed at comprehensively overhauling the current cryptocurrency tax framework. The core elements of the reform include two main aspects: first, replacing the current comprehensive taxation system (where cryptocurrency gains are combined with salary income and taxed at a maximum rate of 55%) with a separate flat tax rate system, set at approximately 20%; second, introducing a "three-year loss carryforward" mechanism similar to stock market rules (allowing losses to offset taxable gains over the next three years). In addition, the Japanese government plans to expand the coverage of the Nippon Individual Savings Account (NISA) to all age groups. By providing tax-advantaged channels, this initiative aims to indirectly create a more attractive investment ecosystem for cryptocurrencies.