regulator

Japanese regulator requests tax filing exemption for trust-type stablecoins in 2027 reform

Japan’s Financial Services Agency (FSA) submitted a request to exempt trust-type stablecoins from mandatory tax filings starting in fiscal year 2027. Japan’s FSA urged regulators to exempt trust-type stablecoins from submitting beneficiary-by-beneficiary trust reports and calculation statements that include the beneficiaries’ names and income, as part of its tax-reform request for the new fiscal year, issued on Saturday.