Nikkei: Cabinet approves bill classify crypto as “financial instruments”

Slowly but surely… this may lead certain crypto transactions through regulated exchanges to be treated as capital gains / losses instead of "miscellaneous income":

政府は10日の閣議で、金融商品取引法の改正案を閣議決定した。暗号資産（仮想通貨）を金融商品として初めて規制し、未公開情報をもとに売買するインサイダー取引などを禁じる。仮想通貨の発行者には年1回の情報開示を義務付け、健全な市場環境を整える。今国会で成立すれば、2027年度にも施行される見通しだ。

The government approved a bill to amend the Financial Instruments and Exchange Act at a cabinet meeting on the 10th. For the first time, it will regulate crypto assets (virtual currencies) as financial instruments, prohibiting insider trading based on non-public information. It will also require cryptocurrency issuers to disclose information once a year, creating a healthy market environment. If passed in the current Diet session, it is expected to be implemented in fiscal year 2027.

Full article (paywall): https://www.nikkei.com/article/DGXZQOUB101480Q6A410C2000000/