🚀 Exciting News for Bitcoin Enthusiasts in Japan! 🚀

Yuichiro Tamaki, leader of Japan’s Democratic Party for the People (DPP), has unveiled a bold crypto tax reform plan aimed at fostering a vibrant token economy, including Web3 and NFTs. If he wins the election, Tamaki proposes slashing crypto gains tax to a 20% separate declaration tax, aligning it with stock market earnings. 📉💰

Currently, crypto investors face up to 55% tax under miscellaneous income. Tamaki's plan also includes carrying forward losses for three years and tax exemptions for crypto-to-crypto exchanges. 💡

Moreover, the proposal suggests raising leverage limits from 2x to 10x and introducing crypto ETFs. This reform could position Japan as a leader in the Web3 space, modernizing its financial system and boosting regional economies through digital yen and local digital currencies. 🌐💹

Japan's Financial Services Agency (FSA) will review the current crypto regulations to ensure they effectively protect investors. With these changes, Japan could become a powerhouse in the crypto world! 🌟

Stay tuned for more updates! 🚀