Japan Aims for Flat 20% Crypto Tax Rate, Bolsters Web3 Ecosystem

Japan’s government is proposing a significant change to its cryptocurrency tax policy: lowering the rate from up to 55% to a flat 20%. This move aims to incentivize investment and talent retention within the country’s thriving Web3 ecosystem. The proposed reform, expected to be implemented by 2025 under the leadership of the Liberal Democratic Party, seeks to align crypto tax rates with other financial products for greater market stability.