Japan's DPP Leader Proposes 20% Crypto Tax Cut if Elected on October 27

Oct 21, 2024, 09:39 AM

Yuichiro Tamaki, leader of Japan's Democratic Party for the People (DPP), has announced a proposal to reduce cryptocurrency tax rates to 20% if elected on October 27. The current tax rates on crypto gains in Japan are significantly higher. Tamaki's plan aims to align crypto tax rates with those on stock profits and enhance Japan's position in the Web3 space.