Regulation· ★★★· neutral·

BCCC discusses 20% crypto tax: DeFi and stablecoin questions remain

  • —The 15% income and 5% local tax rate applies only to transactions through Japan-registered operators
  • —Spot trading losses can be carried forward for 3 years, but offsetting against salary and stock profits is not allowed
  • —Stablecoins are not considered crypto under the payments law, but profit and consumption tax rules for them remain unresolved
  • —For DeFi (LP, rewards, swaps), uncertainty persists over the timing and base of taxation
Why it matters: Tax clarity is critical for Japanese investors and companies: without rules for DeFi and stablecoins, mass adoption will be delayed.
Source: CoinDesk Japan
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