Willy Woo: Japan classifying Bitcoin as a financial product will stimulate buying activity

Foresight News reports that analyst Willy Woo commented on “Japan will classify Bitcoin as a financial product this year,” stating, “Japanese people will be more motivated to buy Bitcoin. Classifying Bitcoin as a financial product means that Bitcoin gains (or trading) will be taxed at 20%, rather than the marginal income tax rate (which is 43-55% if annual income exceeds $57,000). Metaplanet will lose its tax arbitrage advantage relative to self-custodied Bitcoin. About 110 other cryptocurrencies are also included, with staking yields taxed at the marginal tax rate.”

Foresight News previously reported that the Japanese Financial Services Agency may introduce cryptocurrency regulation reforms in April 2026, which will redefine the categories of cryptocurrencies like Bitcoin and Ethereum, potentially classifying them as financial products.