[The Japanese Liberal Democratic Party promotes cryptocurrency tax reform and proposes to impose a 20% separate tax] On December 20, according to Coinpost, the chief investigator of the Web3 Working Group of the Digital Society Promotion Headquarters of the Japanese Liberal Democratic Party, Akihisa Shiozaki, reported that the Liberal Democratic Party's Policy Research Committee officially approved (an emergency proposal to convert crypto assets into assets that benefit the national economy) on the 19th. The report pointed out that under the current tax system, income generated by crypto asset transactions is in principle classified as miscellaneous income and is subject to comprehensive taxation at a maximum tax rate of 55% (income tax and resident tax combined), which is more stringent than other countries. In view of the above points, and whether crypto assets should be regarded as financial assets that should be invested by the public, the following points should be considered: Change the gains and losses generated by crypto asset transactions to a "declaration-separated taxation" system at a 20% tax rate Allow losses in the amount of crypto asset income to be carried forward (can be used in the next 3 years) Crypto asset derivative transactions are also subject to the "declaration-separated taxation" system