Japan Plans to Reclassify XRP as Financial Product by 2026
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 23h ago- Reclassification Process: Japan's Financial Services Agency plans to reclassify XRP as a financial instrument by Q2 2026, affecting 105 cryptoassets, aimed at enhancing XRP's legitimacy and facilitating its integration into the financial system.
- Bank Adoption Expectations: By the end of 2025, it is projected that 80% of Japanese banks will adopt XRP for cross-border payments, significantly enhancing XRP's payment utility and potentially increasing trading volumes.
- Tax Policy Changes: Japan plans to reduce the cryptocurrency tax rate from 55% to 20% in 2026, which will provide greater liquidity to the market and attract more banks to participate in crypto asset trading.
- Digital Strategy Goals: Finance Minister Satsuki Katayama has declared 2026 as Japan's
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
