Japan Virtual Currency Exchange Association (JVCEA), country’s self-regulatory cryptocurrency exchange body has sent a letter to authorities that demands changes in tax. According to the association as the regulations have progressed so laws for tax should not remain behind. The letter is sent to the Financial Services Agency (FSA) where JVCEA demands to make changes regarding how taxes on cryptocurrency and crypto traders should be done. The changes should be such that crypto coins will be recognized as bona fide financial assets.