The Japanese Prime Minister says that the Prime Minister Isbaiba says that the development of cryptographic assets and the Web3 is “very important” to solve national issues.
According to Japanese Media Outlet IOLITE, the Minister of Motemine will make a final decision on the Japanese cryptographic tax rate by the end of June this year in response to questions raised by AkiHisa Shiozaki, the head of the liberal Democratic Party's web3. Ta.
Shiozaki questioned the Japanese government's attitude toward cryptocurrency. He has a continuous debate on the Japanese crypto tax rate, which is much harsher than other countries that focus on many other countries that are focusing on many passive cryptociics in order to respond to the innovation of the digital finance. I see.
“Japan's encryption asset tax system is harsher than other countries, hindering Japan's competitiveness,” said Shiozaki, President Trump's plan to establish a spare national bitcoin (BTC) in the United States. I pointed out.
According to Prime Minister Isva, the Japanese Prime Minister, Shiozaki, he believes that the cryptocurrency will solve Japan's social and financial issues and play an important role in enhancing national productivity. Ta. He also emphasized the importance of protecting encryption users and improving the Web3 environment.
“It is very important to have a healthy development of Web 3.0, including encryption assets,” said Isva, the House of Representatives Budget Committee.
Japanese cryptographic tax to be confirmed by June 2025
Minister of the Minister, Minister of General, has confirmed that the financial regulatory authorities are discussing in the process of discussing the cryptographic tax reform in 2025, and is currently considering various “necessary legal agreements.”
“The financial service agency will verify a system related to encrypted assets by June this year,” he said.
Immediately before the announcement of the tax reform in December 2024 and 2025, the Green of the Liberal Democratic Party Policy Research Council was illuminating the “emergency proposal to make cryptocurrencies a asset that contributes to the national economy.”
The proposal included a bill that applies another encryption tax to the reported profits and losses from the cryptocurrency transaction.
Under the current regulations of Japan, cipher falls into “other income”. In other words, Japanese cryptographic tax can reach up to 55 % depending on your personal income. Meanwhile, in October 2024, the Democratic Party promoted the reduction in cryptographic tax to 20 %.
In addition, Kato stated that the council is paid to the changes in the methods in which cryptographic assets are legally defined. In Japan, cryptographic assets are considered to be paid instead of investment assets. Kato said that regulatory authorities are currently receiving opinions from various stakeholders on the issue.
