The Japan Blockchain Association (JBA) calls on the government to review the crypto asset tax system to help Japan’s Web3 business grow. Recommendations include: 1. Cancel the year-end unrealized profit tax on companies that hold crypto-assets issued by third parties to encourage new companies entering the Web3 industry; 2. Change the taxation method for personal crypto-asset trading profits to separate tax returns and tax rates Unified to 20%, allowing losses to be carried forward for three years and deducted from the amount of income related to crypto assets from the next year; 3. Cancel the collection of income tax on each crypto asset transaction. These reforms are expected to bring more development opportunities to the Japanese Web3 industry.