CoinVoice has recently learned that according to Bloomberg, Japan's Financial Services Agency (FSA) will begin reviewing the country's cryptocurrency regulatory rules in the coming months. An FSA official said the review will focus on whether the current Payment Law adequately regulates cryptocurrencies. This move could pave the way for lowering digital asset taxes and launching a Japanese cryptocurrency investment fund.
Currently, Japan's cryptocurrency industry is seeking to reduce the tax rate on digital asset gains from the current maximum of 55% to 20%. [Original link]