Japan's Blockchain Collaborative Consortium, or BCCC, has formed a tax subcommittee to address how cryptocurrencies, stablecoins and DeFi activity should be taxed when companies use digital assets for payments, remittances, fundraising, asset management and compensation, with a kickoff event in Tokyo set for 4 p.m. on Sept. 15. Tax accountant Yasuhito Yagihashi will chair the body and Yuichi Murakami will serve as vice chair as it organizes real-world tax issues, studies overseas systems and prepares proposals for the National Tax Agency and the Financial Services Agency. The effort comes as Japan's tax framework remains a hurdle for adoption despite the country's early regulation of digital assets, with corporate holdings typically subject to year-end mark-to-market taxation on unrealized gains and areas such as stablecoin transactions, staking, yield farming, ICOs and STOs still needing clearer treatment. Industry observers say clearer rules could improve Japan's competitiveness, though any reform would require legislative action and the timing remains uncertain.