Japan Unveils New Cryptocurrency Tax Plan: Simplifying Regulations for Faster Growth

Japan is taking a major step to reshape its cryptocurrency tax landscape, aiming to cut the current rate from 55% to a more competitive 20%. This move is part of broader efforts by Japan’s government to encourage innovation in digital assets and bolster its position as a leading hub for blockchain technology. Current rules are viewed as hindering the growth of the vibrant crypto sector in the country, while experts believe the proposed changes will attract more retail and institutional investors.