CoinVoice has learned that Yuichiro Tamaki, leader of the Democratic Party of Japan, has proposed a crypto tax plan that would reduce taxes on crypto gains to 20% if he is elected.

“If you think crypto assets should be taxed separately at 20% instead of being treated as miscellaneous income, vote for the People’s Democratic Party,” Tamaki said in the X post.

But the plan may be far from being realized, as the DPJ currently holds just seven of the 465 seats in the House of Representatives, the lower house of Japan’s parliament.

Under Tamaki’s plan, converting one crypto asset into another would not trigger any tax events. [Original link]