According to CoinPost, the Japan Crypto Asset Business Association (JCBA) and the Japan Crypto Asset Exchange Association (JVCEA) have jointly submitted a request to the government for tax reform in 2025 regarding cryptoassets (virtual currencies). Under the current tax system, income generated from virtual currency transactions is generally classified as miscellaneous income and is therefore subject to a comprehensive tax. Income tax on miscellaneous income fluctuates between 5% and 45%, with a maximum rate of 55% when resident taxes are added. The request argues that income categories other than miscellaneous income or operating income can be considered, given current trading conditions and the reality of virtual currencies. Introduce a 20% separate tax return and a three-year loss carry-over system. Classify cryptocurrency trading profits as separate income rather than other income. In addition, on the 19th of this month, the Japan Blockchain Association (JBA) also submitted a request to the government for tax reform related to virtual currencies in 2025. Like the JCBA and JVCEA, their first request is a separate 20% tax system for income tax.