[Japan Plans to Classify 105 Cryptocurrencies as Financial Products, Tax Rate Reduced to 20%] On November 16, Japan's Financial Services Agency plans to reclassify 105 crypto assets, including Bitcoin and Ethereum, as financial products and bring them under the regulatory framework of the Financial Instruments and Exchange Act. Currently, Japanese residents must report cryptocurrency earnings as 'miscellaneous income,' with a maximum tax rate of 55%. After reclassification, profits from token transactions will be taxed as capital gains, with the tax rate reduced to 20%, aligning with the tax rate for stock trading. According to reports, the proposal is expected to be included in the early 2026 budget plan.